ICBC and Chinese Banks Halt Retail Paper-Gold Trading
2 videos · 1 channel · score 12k
Industrial and Commercial Bank of China announces on June 24, 2026 that it will end retail paper-gold trading effective July 24, joining Postal Savings Bank of China, Ping An Bank and China Guangfa Bank in restricting retail gold access. The creator argues this is a move to suppress paper-gold price discovery ahead of a physical-gold repricing.
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The coverage — 2 videos
China Just Shut Down Gold Trading
The creator claims ICBC's June 24th announcement to end retail paper gold trading by July 24th, following similar moves by Postal Savings, Pingan, and Guangfa banks, is actually a strategy to suppress paper gold price manipulation and establish China as the global gold pricing hub, while central banks secretly buy physical gold.
China Just Made a Massive Gold Move
ICBC's June 24th announcement to shut down paper gold trading for retail investors by July 24th, following other Chinese banks, is framed by the creator as potentially a strategic move to control the gold market rather than just protecting citizens from volatility.