The price of gold continues to fall, and the off-season for gold has turned into the peak season. Netizens said that buying now is really a great deal! As U.S. bond yields rise, the price of gold has fallen sharply, hitting a new low since July 21. Everyone is waiting for the non-agricultural data at 8 o'clock tonight, and the Asian market has also risen due to this. It is time to buy the bottom Not much more.
Gold price surges after plummeting?
At the end of the Asian market today, spot gold suddenly rose sharply in the short term, with the price of gold breaking through the US$1,700/ounce mark.
Before the release of non-agricultural data, provided some opportunities for gold prices to rebound .
A well-known financial information website stated that if it effectively breaks through the key resistance of US$1,702.00 per ounce, gold prices are expected to rise further.
Currently, gold has fallen to a six-week low and silver has fallen to a more than two-year low. Generally speaking, a big fall must be followed by a big rise. Some analysts believe that from a technical point of view, gold will soon usher in a rebound.
Some domestic gold investors also expressed their opinions, saying that after gold fell to a new low of 1688 last night, it has reached the bottom and will not fall anymore.
After Xiaojin’s observation, as the non-agricultural data gradually approaches, most analysts have begun to be bullish, leaving little time for everyone to buy the bottom!
Physical gold is ushering in a boom
When you are still wondering whether the gold market will fall or rise in the future, the general public has already expressed their position with practical actions.
It is reported that with the decline of gold, physical gold has ushered in the peak season. August was originally the off-season for consumption, but with the blessing of traditional festivals such as the Mid-Autumn Festival, investment gold bars trading volume increased.
Some netizens have calculated that gold is now almost 380 yuan/gram, compared with 450 yuan/gram in March, a decrease of 70 yuan. If you buy 100 grams of gold, you can save 7,000 yuan, which is a huge sum. Small amount.
As of press time, the gold price in Zhonggui Treasury was 383.14 yuan/gram.
Zhu Zhigang, vice president and chief analyst of the Guangdong Gold Association , said that since July the volume of physical transactions has almost doubled compared to before. In addition to the fall in gold prices, major banks have been investing in gold this year. The restriction of margin trading is also one of the main reasons.
After all, gold is a safe-haven commodity and has many fans in the market. After banks stopped leveraged trading, many investors turned to physical trading. Compared with before, in addition to the larger transaction volume, the single transaction value has also increased.
Especially Zhonggui Treasury supports free storage! The storage of gold is no longer a problem.
However, some netizens are not satisfied with the current falling gold price, saying: " It's too expensive! Don't buy gold for less than 200."
Some netizens said that the price of gold has fallen and labor costs have increased.
According to netizens, the gold prices in popular gold shops on the market are in the range of 450 and 480, and the labor costs are 30 to 40 yuan/gram. After adding in labor costs, the gold price in gold store is as low as 480 yuan/gram.
The current price of gold in Zhonggui Treasury is 383 yuan/gram, which is 97 yuan/gram different from that in gold stores. It can be seen that there is really a big difference.
But don’t worry, Xiaojin is here to help! You can buy gold from Zhonggui Treasury and then find a reliable jewelry processing shop. Wouldn't it be more cost-effective?
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