Chinese Banks Cut Gold Accumulation Fees on May 29 Amid Price Decline; Investors Face 10% Losses

GateNews
According to Jin10 Data, on May 29, Chinese banks including Industrial and Commercial Bank of China, Industrial Bank, and China Merchants Bank adjusted their gold accumulation products, cutting fees and optimizing services as international gold prices declined. Some investors who bought at higher prices have suffered losses exceeding 10%. The banks emphasized that gold prices may fluctuate sharply due to policy changes, market sentiment shifts, or international events, and advised investors to manage positions carefully based on their risk tolerance.
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