International spot gold prices have surpassed $4,000 per ounce this month, hitting record highs and marking a year-to-date increase of over 53 percent. In response to the heightened volatility, many Chinese banks have issued risk warnings on their official websites, advising clients to remain cautious and invest rationally.

The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, China Construction Bank (CCB), and Ningbo Bank have all adjusted their precious metals services. Changes include raising investment thresholds, modifying margin requirements, and updating circuit breaker rules, primarily affecting gold savings products and agency trading services for precious metals on the Shanghai Gold Exchange.

For instance, CCB announced on Friday that recent fluctuations in domestic and international precious metals priceshave intensified, raising market risks. The bank urged clients to “enhance risk awareness in precious metals business, monitor holdings and margin balances closely, and invest rationally.”