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Can ICBC buy paper gold?
If you can't buy it, you can only buy it up.

The trend of domestic paper gold fluctuates completely according to the price fluctuation of international London gold, at the current price and time.

If individual investors are in the medium and long term, personal advice is that anyone below $900 can get involved. Pay attention to building positions in batches and control costs.

Affected by the continuous rebound of international gold prices, Shanghai gold futures prices fluctuated and strengthened after opening higher, and continued their upward trend in late trading. The AU08 12 contract closed at 199.84 yuan/gram, up 3. 15 yuan/gram, or 1.6%.

Due to the rebound of crude oil, the rebound of the US dollar was blocked, and the international gold futures price once again approached the integer mark of 900 US dollars. The economic data released by the United States yesterday was better than expected. In May, the ISM manufacturing purchasing managers' index rose to 49.6, with an estimated 48.5, compared with 48.6 in April. In April, US construction expenditure decreased by 0.4% to US$ 65,438 +0. 1.2 1 trillion, with an estimated decrease of 0.6%. Good economic data pushed the dollar higher, but then the US stock market fell in the past five days, oil prices continued to rise, and the US dollar index retreated some gains.

After a short correction, the crude oil price regained its strength, and the NYMEX crude oil futures price stabilized above $65,438 +0.27, which was difficult to alleviate the inflationary pressure in the world and further restricted the interest rate policies of the US and European central banks. Inflation also adds color to the value-preserving function of gold and contributes to the rebound of gold.

At present, the main factors affecting the gold price are still the US dollar and oil price, while the US dollar is consolidating at a historical low and crude oil is also consolidating at a historical high, resulting in a narrow consolidation of gold in the short term. Judging from today's disk, COMEX gold is likely to break through the integer mark of $900. In operation, old orders can be held, and empty orders can be kept on the sidelines.

I hope it can be adopted by you. Thank you.