Gold prices fluctuate with sharp rebounds, multiple banks warn of risks

Hot Topics

            My Stocks
Data Center
Market Center
Capital Flow
Simulated Trading
        

        Client

Source: Finance Magazine

As of 19:20, spot gold against the US dollar is reported at $4567.44 per ounce, up over 2% for the day.

By | Researcher of “Finance” Gu Xinyu

Editor | Zhang Wei

After a significant drop, spot gold against the US dollar rebounded, breaking through the $4500 and $4600 thresholds on March 25. As of 19:20, spot gold is reported at $4567.44 per ounce, with an intraday increase of over 2%.

On March 23, spot gold against the US dollar fell below key levels consecutively from above $4500 per ounce, breaking below $4100 per ounce for the first time since November 24, 2025, with an intraday drop of 8.6%, erasing all gains since 2026. From the beginning of 2026 to now, spot gold had previously reached a maximum increase of nearly 30%.

On the morning of March 23, domestic gold prices quickly fell below 1000 yuan, with the lowest price for gold Au99.99 per gram reaching 911 yuan that day, closing at 924.65 yuan. Subsequently, domestic gold prices continued to rise, with the closing price for gold Au99.99 per gram on March 25 being 1015.45 yuan.

On March 25, in the Beijing Caishikou Department Store, there were few people in front of the gold jewelry counter on the first floor, and the long queue at the old-for-new exchange window had disappeared, while the investment gold bar counter on the fourth floor remained crowded. Following the sharp drop in gold prices on March 23, some investors chose to “cut losses” and exit, incurring losses of thousands of yuan. Now, with gold prices rebounding, some investors are eager to try again, hoping to wait for another “low point” to enter. One investor expressed regret for not being able to buy when domestic gold prices fell to over 900 yuan per gram. “If gold prices fall below 1000 yuan per gram again, I will seize the opportunity to buy.”

Due to the recent severe fluctuations in precious metal prices, on March 25, Bank of Communications issued an announcement stating that the recent volatility in domestic and foreign precious metal prices has intensified, increasing investment trading risks. It is recommended that investors enhance risk awareness, manage investment risks, rationally arrange investment trading, and reasonably control the scale of precious metal holdings to guard against the risks of price fluctuations in precious metals.

Previously, multiple banks including China Merchants Bank, Bank of China, China Construction Bank, China Minsheng Bank, and Industrial and Commercial Bank of China have issued announcements regarding risks in the precious metal market.

On March 24, China Merchants Bank issued a notice urging investors to enhance their risk awareness in precious metal business, rationally conduct precious metal investment activities based on their own financial situation, risk tolerance, and investment experience, reasonably control the scale of precious metal asset holdings, avoid short-term speculation or herd trading, and rationally allocate precious metal assets from a long-term asset allocation perspective, controlling the total investment and ensuring diverse layouts.

On March 23, Bank of China, China Construction Bank, and Minsheng Bank also issued risk warnings. The banks pointed out that the recent fluctuations in precious metal prices have been severe, recommending that investors enhance risk awareness, invest rationally based on their own financial situation and risk tolerance, reasonably control positions, avoid blindly following trends, and guard against market volatility risks.

On March 20, Industrial and Commercial Bank of China reminded investors to maintain a calm and rational investment mindset, fully assess their own risk tolerance, and avoid being driven by short-term market emotions to blindly chase highs and cut losses. From a long-term asset allocation perspective, it is suggested that investors adhere to the principles of “total control, phased entry, and diversified layout,” extending the investment cycle to smooth out phase-specific volatility risks and build a more robust asset portfolio.

On March 25, gold stocks continued to rebound, with the Hong Kong stock market’s gold sector performing strongly, and several leading stocks saw significant increases. As of the close, Lingbao Gold rose by 6.091%, Jihai Gold rose by 6.250%, Chifeng Gold rose by 3.933%, and Tongguan Gold rose by 3.169%.

 Sina's Collaborative Large Platform Futures Account Opening Safe and Quick Assurance
![](https://img-cdn.gateio.im/social/moments-f4057df931-1524e3b582-8b7abd-ceda62)

A wealth of information and accurate interpretation can be found in the Sina Finance APP

Editor: Qin Yi