Many gold suppliers temporarily suspend bank spot gold bar supply before the Spring Festival.

Reporters have learned from the industry that in recent days, due to significant fluctuations in the price of gold, several banks have adopted various methods to slow down the pace of sales of physical gold bars and gold-based products. Since late January, several upstream gold companies have suspended or reduced the supply of physical gold bars to banks. "It's not that we don't want to sell, but we dare not sell." The person in charge of a gold company in Shenzhen, which has long provided gold and related products to the six major banks and joint-stock banks, admitted that the company has recently notified partner banks to suspend the sale of gold bar products purchased by the company itself, and will resume normal service after the holiday.