TFEX Announces Adjusted Maximum Trading Price Limits for Gold and Silver Futures

TFEX is adjusting the daily price limits (Daily Price Limit) for gold and silver futures contracts on February 2, 2024, due to extreme volatility in global gold and silver markets. For contracts like Gold Futures and Silver Online Futures, when prices reach a +/- 20% change, TFEX may temporarily adjust the price limit to +/- 30% and potentially +/-100% to ensure trading reflects real market conditions. Currently, Silver Online Future prices have changed to -20%, so TFEX will adjust the daily price limit to +/- 30% starting at 14:00, with potential further adjustments if prices continue to fluctuate. The exchange will revert to normal price limits after publishing the daily settlement price before the night trading session. TFEX urges investors to exercise caution and closely monitor market developments.