金价持续震荡多家银行上调保证金比例

经济参考报07-03 22:47

近期金价震荡加剧。截至6月末，伦敦现货黄金收盘报3959.56美元，较年初历史高点5598美元已回撤逾29%。国内金价同步承压，上海黄金交易所Au99.99收盘报879.03元/克，较年内高点下跌近两成。金价剧烈波动之下，银行风控措施在6月最后一周再度加码：6月30日当天，交通银行宣布自7月24日起关闭上金所代理个人业务功能，同日中信银行保证金调整正式生效。　　据记者统计，6月以来已有建设银行、...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2648664310?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-07-03 22:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648664310","market":"hk","top_or_hot":-1,"title":"金价持续震荡 多家银行上调保证金比例","media":"经济参考报","content":"<div>\n<p>近期金价震荡加剧。截至6月末，伦敦现货黄金收盘报3959.56美元，较年初历史高点5598美元已回撤逾29%。国内金价同步承压，上海黄金交易所Au99.99收盘报879.03元/克，较年内高点下跌近两成。金价剧烈波动之下，银行风控措施在6月最后一周再度加码：6月30日当天，交通银行宣布自7月24日起关闭上金所代理个人业务功能，同日中信银行保证金调整正式生效。　　据记者统计，6月以来已有建设银行、...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202607033793885587.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>金价持续震荡 多家银行上调保证金比例</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n金价持续震荡 多家银行上调保证金比例\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-03 22:47 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202607033793885587.html><strong>经济参考报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近期金价震荡加剧。截至6月末，伦敦现货黄金收盘报3959.56美元，较年初历史高点5598美元已回撤逾29%。国内金价同步承压，上海黄金交易所Au99.99收盘报879.03元/克，较年内高点下跌近两成。金价剧烈波动之下，银行风控措施在6月最后一周再度加码：6月30日当天，交通银行宣布自7月24日起关闭上金所代理个人业务功能，同日中信银行保证金调整正式生效。　　据记者统计，6月以来已有建设银行、...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202607033793885587.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"161121","symbol_name":"银行","start_time":0,"source_url":"http://finance.eastmoney.com/a/202607033793885587.html","article_id":"2648664310","we_media_id":null,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202607033793885587.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648664310","pubTimestamp":1783090031,"columns":[],"sourceInfo":{"source_id":"stock_eastmoney","name":"东方财富"},"weMediaInfo":null,"summary":"近期金价震荡加剧。截至6月末，伦敦现货黄金收盘报3959.56美元，较年初历史高点5598美元已回撤逾29%。国内金价同步承压，上海黄金交易所Au99.99收盘报879.03元/克，较年内高点下跌近两成。金价剧烈波动之下，银行风控措施在6月最后一周再度加码：6月30日当天，交通银行宣布自7月24日起关闭上金所代理个人业务功能，同日中信银行保证金调整正式生效。","collect":0,"end_time":0,"defaultTopTitle":"eastmoney.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159001":"保证金","161121":"银行","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","GDX":"黄金矿业ETF-VanEck","EPU":"ISHARES MSCI PERU AND GLOBAL EXPOSURE ETF","IAUI":"NEOS Gold High Income ETF","GDE":"WisdomTree Efficient Gold Plus Equity Strategy Fund","UGL":"2倍做多黄金ETF-ProShares","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","BTGD":"STKD Bitcoin & Gold ETF","GLL":"2倍做空黄金ETF-ProShares","IAUM":"ISHARES GOLD TRUST MICRO","KGLD":"Kurv Gold Enhanced Income ETF","NANR":"SPDR S&P North American Natural Resources ETF","AAAU":"Goldman Sachs Physical Gold ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GDXJ":"小型黄金矿业ETF(Market Vectors)","SGDJ":"Sprott Junior Gold Miners ETF","GBUG":"Sprott Active Gold & Silver Miners ETF","DGP":"二倍做多黄金ETN(PowerShares)","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","VGFPF":"Vanguard Funds PLC","SGDM":"Sprott Gold Miners ETF","CERY":"Spdr Bloomberg Enhanced Roll Yield Commodity Strategy NO K-1 Etf","DBC":"商品指数ETF-PowerShares DB","RING":"iShares MSCI Global Gold Miners ETF","CEF":"Sprott Physical Gold & Silver Trust","JNUG":"金矿指数二倍做多ETF","GLDM":"SPDR Gold MiniShares Trust","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","PHYS":"Sprott Physical Gold Trust","GOLY":"Strategy Shares Gold Enhanced Yield ETF","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","JDST":"金矿指数二倍做空ETF","UYM":"基础材料指数ETF-ProShares两倍做多","USG":"USCF Gold Strategy Plus Income Fund","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","PYZ":"Invesco Dorsey Wright Basic Materials Momentum ETF","OUNZ":"VanEck Merk黄金股票基金","BAR":"GraniteShares Gold Shares","CMDT":"PIMCO Commodity Strategy Active ETF","SGOL":"Abrdn Gold ETF Trust","YGLD":"Simplify Gold Strategy PLUS Income ETF","PALL":"abrdn Physical Palladium Shares ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","DZZ":"德银黄金两倍做空ETN","IAU":"黄金信托ETF-iShares"},"translate_title":"Gold Price Continues to Fluctuate Many Banks Raise Margin Ratio","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159001":1.5,"161121":1.5,"RING":1.5,"DZZ":1.5,"IAUM":1.5,"DUST":1.5,"PHYS":1.5,"PYZ":1.5,"IAUI":1.5,"IAU":1.5,"VGFPF":1.5,"GLTR":1.5,"SGDJ":1.5,"OUNZ":1.5,"GOLY":1.5,"USG":1.5,"GDE":1.5,"BEGS":1.5,"GBUG":1.5,"BTGD":1.5,"CEF":1.5,"AAAU":1.5,"JNUG":1.5,"SGDM":1.5,"SHNY":1.5,"BAR":1.5,"JDST":1.5,"CMDT":1.5,"DGP":1.5,"GDXD":1.5,"GDXJ":1.5,"GDXU":1.5,"KGLD":0.6,"SGOL":1.5,"GLDM":1.5,"UGL":1.5,"GDX":1.5,"YGLD":1.5,"NANR":1.5,"GOAU":1.5,"PALL":1.5,"GDXY":1.5,"EPU":1.5,"GLL":1.5,"DULL":1.5,"CERY":1.5,"UYM":1.5,"FGDL":1.5,"DBC":1.5},"content_text":"近期金价震荡加剧。截至6月末，伦敦现货黄金收盘报3959.56美元，较年初历史高点5598美元已回撤逾29%。国内金价同步承压，上海黄金交易所Au99.99收盘报879.03元/克，较年内高点下跌近两成。金价剧烈波动之下，银行风控措施在6月最后一周再度加码：6月30日当天，交通银行宣布自7月24日起关闭上金所代理个人业务功能，同日中信银行保证金调整正式生效。　　据记者统计，6月以来已有建设银行、工商银行、农业银行、中国银行、招商银行、华夏银行、广发银行、中信银行、兴业银行、交通银行等十余家全国性银行集中上调保证金比例或停办相关业务，围绕黄金个人交易的“去杠杆”全面铺开。　　年内三轮加码 　　银行管控黄金交易杠杆　　本轮银行密集收紧可追溯至今年年初。1月，邮储银行率先将代理上金所延期合约保证金从80%提至120%；2月，工行、农行、建行将比例统一上调至100%，市场普遍认为相关合约已实现“全额交易”，杠杆基本归零。进入6月，随着金价波动幅度加大，第二轮调整潮中，建行、工行将黄金延期合约保证金从100%上调至120%，随后农行、招行跟进。6月中下旬，多家机构进一步加码，工行6月18日再度上调至140%，广发银行亦提至140%并宣布6月底全面停办业务。6月22日，华夏银行、中国银行同日将保证金调至120%附近。6月最后一周，中信银行、兴业银行、交通银行陆续加入，兴业银行从40%直接跳升至120%，交通银行则选择停办功能。　　从交易机制看，100%保证金意味着无杠杆，140%则要求投资者占用资金超过合约面值，属于极端风控措施。受访的国有大行风险管理人士对记者表示，银行此举核心目的在于防范金价单日大幅波动引发的客户穿仓风险，避免风险向银行体系传导。“延期合约自带杠杆，若保证金不足，亏损可能超过本金，银行作为代理方将面临追偿难题。”该人士称。除了上调保证金，工行、广发、平安、交行等多家银行相继公告停办代理上金所个人业务，标志着银行对个人贵金属交易的管控已从“提门槛”升级为“清退存量”。　　金价半年回撤三成　　机构看好长期支撑　　金价持续走弱，直接触发因素是美联储鹰派预期升温。6月议息会议后，市场对年内加息预期增强，美债实际利率走高，黄金持有机会成本上升。同时，前期地缘冲突阶段性缓和，避险需求降温，叠加多头持仓拥挤引发的程序化抛盘，共同加速了金价下行。　　面对金价颓势，国际投行集体下调目标价。高盛将2026年底金价预测从5400美元大幅下调至4900美元，并警告若美联储年内加息，金价可能跌至4400美元。花旗一个月内两次下调三个月目标价至4000美元，摩根大通将全年均价预测下调至5243美元，德意志银行将三季度目标价大幅下调至4300美元。不过，蒙特利尔银行在调降下半年均价的同时，仍维持2027年一季度金价突破5000美元的预期，显示部分机构并未完全看空。　　中长期支撑力量来自全球央行。世界黄金协会6月中旬发布的《2026年全球央行黄金储备调研》显示，89%的受访央行预计未来12个月全球黄金储备将继续增加，45%计划增持，该比例创历史新高。过去四年全球央行年均购金约千吨，远超此前十年500吨的年均水平。调研还显示，74%的央行预计未来五年美元在全球储备中的占比将下降，黄金作为地缘风险对冲工具的战略价值持续凸显。　　国内机构方面，中金公司认为本轮调整并非牛市终结，若2027年美国通胀回落、增长转弱，美联储重回宽松将打开金价上行空间。南华期货研报表示，短期金价仍将承压，伦敦金支撑下移至3886美元至3900美元区域，但央行购金需求托底作用不容忽视，若滞胀交易逻辑发酵，可能成为下一轮上涨的催化剂。浙大城市学院副教授林先平指出，金价跌破关键关口是宏观预期逆转与技术破位共振的结果，多头集中离场加剧了跌幅，但全球央行购金、地缘风险与美国债务问题仍构成底部支撑，深度调整后黄金的配置价值将逐步显现。　　记者走访多家银行网点了解到，当前投资者普遍持观望态度，二季度积存金日均交易额较一季度峰值缩水超三成。一位国有大行从业人员透露：“客户愿意购买的时机多在价格上行过程中，而非底部震荡期。”对于普通投资者而言，在金价尚未企稳、银行同步收紧杠杆的当下，盲目抄底风险不容忽视，耐心等待右侧信号或是更为稳妥的选择。（文章来源：经济参考报）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648664310","isCrawlerRequest":true}

金价持续震荡 多家银行上调保证金比例

精彩评论

金价持续震荡多家银行上调保证金比例