Major Chinese banks halt precious metals services to retailers, Peter Spina notes

Traders Union
All News
Market Voices
Chinese banks curb retail gold trading

Top Stories

Editors' Picks

Stocks

Crypto

Financial News

Currencies

Commodities

Market Voices

Companies

Regulators

Central Banks

11 hours ago

Major Chinese banks halt precious metals services to retailers, Peter Spina notes — Chinese banks curb retail gold trading

Peter Spina, CEO at GoldSeek.com, reports that some major Chinese banks are shutting down services assisting retail trading in precious metals. This follows a reversal in gold and silver prices after a prolonged rally.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Spina previously noted rising bearish sentiment in gold and silver markets, suggesting market capitulation could be imminent in a recent report. Earlier this year, he highlighted how gold and silver prices shifted from gains to declines during the Iranian conflict in a separate analysis. The recent actions by Chinese banks come after these pronounced movements in precious metals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

Where World Cup 2026 stars invest: Football clubs, technology and crypto

By Pavlo Kot
11 hours ago

Where World Cup 2026 stars invest: Football clubs, technology and crypto

Editors' Picks

CBDC ban: Why the U.S. does not need a digital dollar

By Eugene Komchuk
Yesterday

CBDC ban: Why the U.S. does not need a digital dollar

Editors' Picks

Bitcoin price prediction and Bollinger Bands: Can BTC recover after falling to $63,000?

By Mikhail Vnuchkov
23.06.2026

Bitcoin price prediction and Bollinger Bands: Can BTC recover after falling to $63,000?

Editors' Picks

All Editors' Top Picks

Latest Peter Spina News

Peter Spina: Market sentiment shifts as gold and silver prices approach capitulation

By Yaroslav Dmytrenko
Yesterday

Peter Spina: Market sentiment shifts as gold and silver prices approach capitulation

Market Voices

Deutsche Bank reduces gold price forecasts by up to 22 percent, Peter Spina notes

By Igor Krasulya
23.06.2026

Deutsche Bank reduces gold price forecasts by up to 22 percent, Peter Spina notes

Market Voices

Peter Spina: Hong Kong brings in large gold bars for new clearing system

By Elena Nikulina
22.06.2026

Peter Spina: Hong Kong brings in large gold bars for new clearing system

Market Voices

All Peter Spina News

Pavlo Kot
11 hours ago

Where World Cup 2026 stars invest: Football clubs, technology and crypto

Eugene Komchuk
Yesterday

CBDC ban: Why the U.S. does not need a digital dollar

Mikhail Vnuchkov
23.06.2026

Bitcoin price prediction and Bollinger Bands: Can BTC recover after falling to $63,000?

Oleg Tkachenko
22.06.2026

FIFA World Cup on blockchain: Where football meets crypto

Pavlo Kot
21.06.2026

Aliens, Satoshi, and Bitcoin: How the extraterrestrial theory emerged

Ivan Andriyenko
14 min ago

Inflation target delayed to 2028, Craig Shapiro notes

Andrey Mastykin
24 min ago

Nick Timiraos: NY Fed president sees inflation elevated above target due to tariffs and tech demand

Oleg Tkachenko
25 min ago

Tim Draper: Venture capital rankings highlight investor alpha in AI-driven portfolios

Mikhail Vnuchkov
29 min ago

Venezuelan GDP shrinks 80% since 2013, Ian Bremmer notes

Daria Chernytska
40 min ago

Jason Pizzino: Questions motives behind Bitcoin and Strategy dip buyers

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Olga Shendetskaya
7 hours ago

Micron shares surge premarket after earnings beat expectations

Micron shares surge premarket after earnings beat expectations

Igor Krasulya
10 hours ago

CME plans wind derivatives as renewable power reshapes energy markets

CME plans wind derivatives as renewable power reshapes energy markets

Pavlo Kot
11 hours ago

Where World Cup 2026 stars invest: Football clubs, technology and crypto

Where World Cup 2026 stars invest: Football clubs, technology and crypto

Igor Krasulya
12 hours ago

U.S. futures advance as AI jitters fade after chip updates

U.S. futures advance as AI jitters fade after chip updates

Andrey Mastykin
13 hours ago

Brent falls to prewar levels as Middle East supply returns

Brent falls to prewar levels as Middle East supply returns

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Alphabet falls toward key support amid doubts over AI leadership

Mykhailo Ihnatenko
Now

Snowflake loses momentum as AI capital shifts to chipmakers

Anton Kharitonov
Now

Apple holds buy zone despite investor caution toward AI

Anton Kharitonov
Now

Microsoft falls toward support amid Big Tech sell-off and AI capex concerns

Mykhailo Ihnatenko
Now

Tesla struggles to regain momentum after support fails

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.