Prevent market risks, Chinese banks adjust the margin ratio of gold and silver deferred contracts. Industry insiders: investors should try to avoid holding positions during holidays.

On February 3rd, the Bank of China announced that starting from the closing settlement on February 4, 2026, the margin ratio for gold deferred contracts on the Shanghai Gold Exchange will be adjusted from 16% to 17%. The margin ratio for customers of the bank's gold deferred contracts will be adjusted from 42.24% to 44.88%, and the price limit for the next trading day on the Shanghai Gold Exchange will be adjusted from 15% to 16%. Journalists noticed that the precious metals market has recently experienced wide fluctuations. The Shanghai Gold Exchange's gold deferred contract SGE gold T+D showed that it opened at 1096 yuan/gram on February 4th, rising more than 6% during the day; while on February 2nd it fell by over 13%. Qu Rui, Senior Deputy Director of the Research and Development Department of Orient Securities, analyzed to the reporter that this round of adjustment in gold prices does not represent a trend reversal, and the logic of the long-term bull market in gold and silver still exists. "Throughout February, it is more likely to see fluctuations after reaching highs." Another analyst predicts that the gold prices in February are more likely to fluctuate. At the moment, it is just a rebound after a big drop, not a reversal, and there may be downward trends after the rebound. Based on the risks, this analyst advises investors to avoid holding positions for too long and to maintain a cautious attitude towards the gold and precious metals market in February.