Banks stopped trading in precious metals mainly because the price of precious metals fluctuated greatly, and banks suspended the opening of precious metals accounts based on risk considerations. Precious metals have always been the best hedging tool, and there is no upper limit on the price of precious metals. When the global economy is in the recovery stage, the volatility 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, the new account opening is suspended. It can also be seen from the trading price of precious metals that the international gold price was 15 17. 18 USD/oz at the beginning of this year, and then it went up all the way, with the increase exceeding 10% in July. After Beijing time broke through the $2,000/oz mark for the first time on August 4th, new york gold futures price once reached $2,089.2/oz, and silver price also hit a new high since 20 12.
Expand data
What are heavy metals?
Refers to the metal with heavy metal specific gravity greater than 5 (generally refers to the metal with density greater than 4,5g/cm3). Heavy metals refer to metals with relative atomic mass greater than 55. If the relative atomic mass of iron is 56 and greater than 55, it is also a heavy metal. There are about 45 kinds of heavy metals, all of which belong to transition elements. Such as copper, lead, zinc, iron, cobalt, nickel, manganese, cadmium, mercury, tungsten, molybdenum, gold, silver and the like. 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 heavy metals exceeding a certain concentration are toxic to human body.