Bank of Communications Closes Personal Precious Metals Trading on Shanghai Gold Exchange Starting July 24

XAU-2.40%
According to Bank of Communications, on June 30 the bank announced it will close personal trading services for precious metals on Shanghai Gold Exchange starting July 24. The closure affects seven contract types: Au99.99, Au100g, Au99.95, PGC30g, Au(T+D), mAu(T+D), and Ag(T+D). After the closure, customers with open positions or physical inventory will be unable to close positions, sell, or withdraw holdings through mobile banking or online banking channels.
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