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Silver futures in China have hit their limit-up, while gold prices have reached new highs amidst geopolitical tensions and central bank buying. Shanghai silver has risen by 3% to the highest level since August 2020. Iron ore futures in China have also surged by 3.9%, returning to the 800 yuan mark. Additionally, Shanghai silver futures are up 2.70% with over $2 billion notional traded. The Shanghai Futures Exchange has imposed transaction limits on gold and copper futures to manage recent trading price risks.
As prices shoot up, #ShanghaiFuturesExchange slaps limits on both gold and copper as contracts hit new highs https://t.co/fs9MxKtWvb https://t.co/yjePHSZ6qB
#BREAKING The Shanghai Futures Exchange has imposed transaction limits on #gold and #copper futures to control recent trading price risks. The daily opening position limit has been set at 2,800 lots for gold and 2,000 lots for copper. #China https://t.co/kaoxuEeKxO
#BREAKING The Shanghai Futures Exchange has imposed transaction limits on #gold and #copper futures to control recent trading price risks. The daily opening position limit has been set at 2,800 contracts for gold and 2,000 contracts for copper. #China https://t.co/kaoxuEeKxO
