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starting today, a number of state-owned banks have intensively raised the minimum purchase price of their savings deposits. according to statistics from a reporter from the financial associated press, four banks have taken action to adjust the "threshold" for savings investment within 10 days. the reason behind this is inseparable from the fact that the international gold price has repeatedly hit record highs.

industry insiders told reporters from the financial associated press that financial institutions adjust the starting amount of gold fixed investment in response to changes in gold prices to implement regulatory requirements, and it is expected that financial institutions will follow up in the future. for investors, gold is currently at a historically high level, and there are still many uncertain factors affecting gold price trends. the start of the fed's interest rate cut cycle will restrict the room for u.s. short-term interest rates and the u.s. dollar to rise, reducing the opportunity cost of gold. the interest rate environment is warmer for gold, but it is necessary to pay attention to the difference between this round of fed interest rate cuts and the shift to easing.

many banks have intensively raised their deposit thresholds

bank of china announced that starting from september 27, when purchasing accumulation gold products or creating an accumulation fixed investment plan by amount, the minimum purchase amount will be adjusted from 600 yuan to 650 yuan, and the additional purchase amount will remain unchanged at an integral multiple of 200 yuan. fixed investment plans already in execution will not be affected. when purchasing accumulation gold products by gram weight or creating an accumulation fixed investment plan, the minimum purchase gram weight remains unchanged at 1 gram, and the additional gram weight remains unchanged at an integral multiple of 1 gram.

this is the fourth bank to adjust the minimum accumulation fund purchase within 10 days. on september 25, china construction bank announced that starting from september 27, the starting point for regular accumulation of personal gold accumulation business will be raised to 700 yuan. on september 24, industrial bank issued an announcement stating that the bank planned to adjust the purchase threshold amount for accumulated current and ordinary fixed-term business by amount. when trading by amount, the starting point for single purchase and new fixed investment purchase is rmb 600. the starting price is adjusted to rmb 700; when trading by weight, the starting point for single purchase and new fixed investment purchase remains unchanged at 1 gram. on september 18, agricultural bank of china announced that it would adjust the starting point for the purchase of accumulated funds to float with the price of gold, becoming the first bank to link the starting point for purchasing accumulated funds to the price of gold during the year.

as for the reason why banks increased the minimum purchase amount for this business, industry insiders believe that the main reason is that the price of gold has continued to rise. on the 26th, comex gold rose above us$2,700 per ounce, reaching a record high, rising by more than 0.6%. the minimum business unit of gold accumulation products is 1 gram, so the starting point of purchase has also increased.

the china construction bank announcement also pointed out that the adjustment is mainly to adapt to market changes. we will continue to pay attention to changes in the gold market and make adjustments to the above starting amounts and limits in due course.

zhou maohua, a macro researcher at the financial markets department of china everbright bank, told a reporter from the associated press that the recent adjustment by some banks to peg gold prices may be related to the increased volatility in international gold prices in recent years. changing to floating pegs will help improve transaction convenience. "some financial institutions adjust the starting amount of gold fixed investment in accordance with the changes in gold prices. this is to implement the requirements of relevant regulatory rules. it is expected that financial institutions will follow up in the future. at the same time, some banks have increased the starting amount of accumulated gold. this is mainly because financial institutions have followed the rise in gold prices and adjusted accordingly. increase the starting amount of gold investment.”

the market is optimistic about the short-term trend of gold, investors need to be cautious

while adjusting the minimum purchase amount of accumulated deposits, china construction bank also issued the "announcement on recent market risk warnings for precious metal trading business", mentioning that the price fluctuations of domestic and foreign precious metals have intensified recently and market risks have increased. users are requested to increase their awareness of risk prevention in precious metal trading businesses such as personal gold accumulation, reasonably control positions, pay attention to changes in positions and margin balances in a timely manner, and invest rationally.

zhou maohua pointed out that, generally speaking, when gold prices fluctuate greatly, gold accumulation investment will be safer than short-term investment, and gold accumulation will accumulate less and make more, which is suitable for long-term investment. for ordinary investors, precious metal accumulation has a low investment threshold, which helps smooth market fluctuations and reduce investment risks. investors can obtain a relatively stable income; at the same time, buying and selling operations are relatively flexible.

looking forward to the market outlook, west china securities said that the u.s. economy has shown expectations of a soft landing, but the extent and pace of interest rate cuts are not conservative. according to this logic, expectations for secondary inflation are rising. the cost of holding gold is declining under expectations of lower interest rates, and gold has become it is the best hedging tool to resist the re-acceleration of inflation in 2025. this logic supports gold prices to continue to reach new highs in the short and medium term.

"currently, gold is at a historically high level, and there are still many uncertain factors affecting the trend of gold prices. the start of the fed's interest rate cut cycle will restrict the room for rising short-term u.s. bond interest rates and the u.s. dollar, reducing the opportunity cost of gold. the interest rate environment is warmer for gold, but we need to pay attention to the difference between this round of fed interest rate cuts and the shift to easing," zhou maohua said. at the same time, there are still uncertainties in the risk aversion sentiment that affects the trend of gold prices, the demand for gold purchases by global central banks, and the trend of the us dollar. investors have high professional requirements. from the perspective of sound investment, investors need to invest rationally, diversify their investment portfolios, grasp the pace of accumulation, and guard against potential volatility risks.