Shanghai Gold Exchange issued a warning: International precious metal prices have fluctuated sharply recently, and it is necessary to raise awareness of risk prevention.

On October 16, according to Wall Street News, as gold hit a new historical high for three consecutive days, it broke through $4,200.00/ounce for the first time in history, with an increase of nearly 60.00% this year. In response to the continuous and substantial fluctuations in gold prices, the Shanghai Gold Exchange today issued a notice on risk control in the precious metals market. Previously, many banks, including the Industrial and Commercial Bank of China and China Construction Bank, also issued warnings about fluctuations in precious metal prices. The Shanghai Gold Exchange issued a notice to all member units on October 16 regarding doing a good job in recent market risk control, as follows: "Recently, there are many factors affecting market instability, and international precious metal prices have fluctuated sharply. Please all members raise their awareness of risk prevention, continue to do a good job in risk emergency plans, and maintain the stable operation of the market. At the same time, remind investors to do a good job in risk prevention, reasonably control their positions, and invest rationally." [Techflow]