Chinese Banks Waive Gold Accumulation Fees as Bullion Trades Near $4,200

Bank fee waivers are a demand-side signal: lenders are competing for retail gold savings flow precisely as bullion retests the $4,100–$4,200 range, suggesting they see persistent household appetite rather than a fading spike. The effect lands on small retail savers in China, who get a cheaper entry into regular accumulation products, and on the banks themselves, which are trading fee income for deposit-like gold balances. Whether the promotions outlast the price rebound, or disappear once gold cools, is the open question worth watching.