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Multiple Banks Take Action: Accumulated Gold May Face "Purchase Limits"
People’s Financial News, March 14 — Securities firms in China have noticed recent fluctuations in gold prices, increasing investment risks. Several banks have quickly adjusted their gold deposit trading rules. Among them, China Construction Bank and Industrial and Commercial Bank of China both announced that under certain conditions, they will implement purchase limits on their gold deposits. Additionally, some banks have changed their delivery rules for physical gold sales.