Reasonably control the position! The price of gold and silver fluctuates sharply, and the Shanghai Gold Exchange warns of risks twice in eight days
Sino-Singapore Jingwei Client, August 12th, on the 12th, the Shanghai Gold Exchange announced that in response to the fluctuations in the price of gold and silver, all member units are requested to continue to make detailed risk emergency plans. The exchange will take risk control measures as appropriate.
Source: Shanghai Gold Exchange official website
The Shanghai Gold Exchange pointed out that there are many uncertain factors affecting market operations in the near future, and the price of gold and silver continues to fluctuate significantly in both directions. All member units are requested to continue to make detailed risk emergency plans, remind investors to do a good job in risk prevention, reasonably control positions, and invest rationally. The Exchange will take risk control measures as appropriate to maintain the smooth operation of the market and protect the interests of investors.
It is worth noting that this is the second time the Shanghai Gold Exchange has warned of market risks in recent days. On August 5, the Shanghai Gold Exchange notified that the price of gold recently hit a record high, and the price of silver continued to fluctuate at a high level. All member units are requested to continue to improve their awareness of risk prevention, make detailed risk emergency plans, remind investors to do a good job in risk prevention, reasonably control positions, and invest rationally.
Data show that since last week’s record high, international gold prices have fallen for many consecutive days. On the other hand, silver futures prices have also fallen sharply.
On the 11th local time, the most active December gold futures price on the New York Mercantile Exchange gold futures market fell 93.4 US dollars to close at 1946.3 US dollars per ounce, a decrease of 4.58%, the largest one-day drop since March. In addition, the price of silver futures for September delivery fell by US$3.212 to close at US$26.049 per ounce, a decrease of 10.98%; the price of platinum futures for October delivery fell by US$31.3 to close at US$971.4 per ounce, a decrease of 3.12%.
In the domestic futures market, on the 12th, the Shanghai Gold and Shanghai Silver futures main contracts both sealed their limits. As of the midday close, Shanghai Gold reported 417.16 yuan/g and Shanghai Bank reported 6,173 yuan/kg. (Zhongxin Jingwei APP)