TechFlow, on October 16, according to Wall Street Insights, as gold prices hit record highs for three consecutive days, breaking through $4,200 per ounce for the first time in history and rising nearly 60% year-to-date. In response to the ongoing significant volatility in gold prices, the Shanghai Gold Exchange today issued a notice on risk control measures for the precious metals market:
"Recently, there have been many factors affecting market instability, with international precious metals prices experiencing sharp fluctuations. All members are required to enhance risk awareness, continue improving emergency risk response plans, and maintain stable market operations. Meanwhile, investors should be reminded to strengthen risk management, reasonably control positions, and invest rationally."
Previously, multiple banks including Industrial and Commercial Bank of China and China Construction Bank also issued alerts regarding fluctuations in precious metals prices.
