Gold Enters "Choppy Market" Conditions, Banks Restrict Individual "Gold Trading"

GateUser-bd883c58 · 2026-03-24T06:16:37+00:00

Recent sharp fluctuations in gold prices have prompted multiple banks to adjust their personal gold trading policies. China Minsheng Bank and Postal Savings Bank have restricted personal transactions, while Ping An Bank has closed related businesses. The severe market volatility and geopolitical conflicts have placed risk pressure on banks, affecting investors and business connectivity.

GateUser-bd883c58

2026-03-24 06:16:37

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Why do sharp fluctuations in gold prices prompt banks to adjust their personal gold trading policies?

Two more banks have restricted individual “gold trading.” On March 17, Minsheng Bank and Postal Savings Bank both advised personal customers to complete related transactions and contract cancellations as soon as possible. Earlier this month, Ping An Bank also announced that it is gradually shutting down its gold trading agency for individual precious metals at the Shanghai Gold Exchange.

All these changes stem from the rollercoaster movement of gold prices. Recently, with escalating Middle East geopolitical conflicts, gold has entered a “monkey market,” with intense volatility catching the market off guard. Banks and jewelry stores, as intermediaries connecting investors and the market, are the first to bear the risk pressure.

Recently, Deutsche Bank precious metals analyst Michael Hsueh reiterated in a report that they maintain a long-term forecast of gold reaching $6,000 per ounce.

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