Banks stopped trading in precious metals mainly because the price fluctuation of precious metals has increased, and banks suspended the opening of precious metal accounts based on risk considerations. Precious metals have always been the best hedging tool, and there is no limit to the fluctuation of precious metals. When the global economy is in the recovery stage, the fluctuation of precious metals will increase. Judging from the announcements issued by various banks at present, they all said that due to the complicated factors such as the epidemic situation and the global political and economic structure, the precious metal market price fluctuated greatly and the investment risk increased. Therefore, from the perspective of protecting the interests of customers, suspend new accounts. Judging from the transaction price of precious metals, we can also see that the international gold price at the beginning of this year was 1.5 1.7, 1.8 USD per ounce, and it has been rising since then. The increase in July exceeded 1%. After breaking through the $2,000/oz mark for the first time, the new york gold futures price once reached $2,000/oz on the evening of August 7th, Beijing time.
What are heavy metals?
Heavy metals refer to metals with a specific gravity greater than 5 (generally, metals with a density greater than 4,5g/cm3). Heavy metals refer to metals with relative atomic mass greater than 55. For example, the relative atomic mass of iron is 56, which is greater than 55, so it is also a heavy metal. There are about 45 kinds of heavy metals, which are generally transitional elements. Such as copper, lead, zinc, iron, cobalt, nickel, manganese, cadmium, mercury, tungsten, molybdenum, gold and silver. Although heavy metals such as manganese, copper and zinc are trace elements needed for life activities, most heavy metals such as mercury, lead and cadmium are not necessary for life activities, and all heavy metals are toxic to human body if they exceed a certain concentration.