Domestic gold jewelry prices hit record again! The retail price of pure gold first exceeds 1400 yuan/gram

On December 23, the domestic gold jewelry retail market ushered in a new round of soaring prices, with the price of pure gold jewelry breaking through the 1400 yuan/gram mark for the first time. Many leading jewelry brands have simultaneously refreshed historical peak prices, closely following the pace of international gold prices.

Specifically, Chow Sang Sang and Chow Tai Fook's pure gold jewelry prices both surged to 1403 yuan/gram, with daily increases of 36 yuan and 35 yuan respectively; Lao Miao Gold followed closely behind, quoting 1402 yuan/gram, up 35 yuan from the previous day; Lao Feng Xiang's pure gold price also rose to 1399 yuan/gram, with a daily increase of 34 yuan. This surge in domestic gold jewelry prices is directly linked to the strong performance of international gold prices — on the 22nd local time, the spot gold price in London broke through 4400 USD/ounce, setting a new historical high.

Regarding this round of gold price surge, Bloomberg analysis pointed out that the escalation of geopolitical tensions and the market's strong expectations for interest rate cuts by the Federal Reserve are the core driving factors. Meanwhile, global central banks continue to increase their gold reserves, combined with the continuous inflow of gold ETF funds, further injecting momentum for the rise in gold prices. Data from the World Gold Council shows that since the beginning of this year, except for May, the total holdings of gold ETFs have increased every month, and there have been net inflows of funds for five consecutive weeks, driving the international gold price to rise throughout the year.

In the face of severe fluctuations in the precious metals market, the Shanghai Gold Exchange urgently issued a risk warning on the 23rd, requiring all member units to enhance risk prevention awareness, maintain stable market operations, and specifically remind investors to manage risks well and control positions reasonably $BTC #比特币与黄金战争