Major Chinese banks are reportedly shutting services supporting retail precious-metals trading after gold and silver volatility, Bloomberg reports

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Major Chinese banks are reportedly shutting services supporting retail precious-metals trading after gold and silver volatility, Bloomberg reports

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  • Industrial & Commercial Bank of China will stop intermediary services for individuals trading precious metals on the Shanghai Gold Exchange after 24th July settlement
  • China Guangfa Bank asked clients to close positions by Thursday or face forced liquidation

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