-
Deep Dive: China’s Exit from Retail Paper Gold Trading — Why Beijing Is Curtailing Leverage, Not Gold Ownership
China’s gold market has undergone a quiet but important structural change during 2026. Beginning in June, several major state-linked Chinese commercial banks announced that they would terminate intermediary services for retail customers trading certain Shanghai Gold Exchange (SGE)-linked precious metals contracts. From 24 July, banks including Industrial and Commercial Bank of China (ICBC), Postal Savings Bank of China, Ping An Bank and China Guangfa Bank ceased facilitating these products for individual investors. The announcements have prompted speculation that Beijing is attempting to suppress gold prices, ... (full story)
- Comments / Top
- Subscribe
Trader#CAD8
9 hr ago
Permalink
-
Related Stories
From brecorder.com | 7 hr ago
China’s net gold imports via Hong Kong more than doubled year-on-year in June, but slipped over 5% from the previous month, data from Hong Kong’s Census and Statistics Department showed on Monday. The world’s top gold consumer imported a net 50.679 metric tons of gold via Hong Kong in June, compared with 53.674 tons in May and 19.366 tons in June 2025, the ...
Gold price (XAU/USD) gains ground for the second consecutive day, trading around 4,103 per troy ounce during the Asian hours on Monday. Gold prices pushed higher as a sharp drop in oil prices eased market fears over inflation and interest rate hikes, following a weekend pause in military hostilities between the US and Iran. Attention now shifts to a dense ...
The current gold price as of 27.07.2026 is $4 086.19. To assess the current state of the precious metal, the following metrics should be analyzed: Year-over-Year Inflation Rate (US) is determined based on the Consumer Price Index (CPI), which measures changes in the prices of goods and services. Interest Rate (US): The cost of borrowing funds, expressed as ...
