Chinese Banks Roll Out Gold Accumulation Fee Promotions as Prices Swing

Cointime reports: Chinese banks including Bank of Nanjing have launched promotional offers on gold accumulation account trading fees, with the lender advertising fees as low as 10% of standard on its app. The moves follow sharp swings in gold prices, with domestic accumulation gold prices rebounding after falling back to the 800-yuan-per-gram range, drawing some investors back in. Some banks have also introduced pending-order functions that execute automatically at target prices.