42.71 F
London
March 15, 2025
PI Global Investments
Gold

Chinese Banks Raise Purchase Thresholds for Gold Products in Warning to Retail Investors


At least six Chinese banks have raised investment thresholds for their gold savings accounts, in an attempt to warn retail investors of potential risks amid a price rally and growing demand for the safe-haven asset.

Starting Friday, the Agricultural Bank of China Ltd. increased the minimum investment to 550 yuan ($76) from 500 yuan for one of its gold deposit products, according to a March 22 notice. The adjustment comes less than three months after the bank last raised the subscription threshold in early January.

You’ve accessed an article available only to subscribers

VIEW OPTIONS





Source link

Related posts

Bitcoin To $100,000? Gold Bug Peter Schiff Says It Could Happen

D.William

Reds could strike gold with target’s NEW expected price

D.William

Gold hits Rs254,000 per tola

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.