On Friday (September 30), international gold prices continued to rebound to a weekly high of $1,674.07 per ounce.

On Friday (September 30), international gold prices continued to rebound to a weekly high of $1,674.07 per ounce. Despite this, given that the gold price is not in a directional market, the gold price of domestic gold stores remains unchanged today. Except for Laomiao and week Shengsheng , the gold price of other brands remains at around 500 yuan per gram. This is the gold price announced on the official website today, for reference only:

000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 0 gold price

Gold store quotation	Today's gold price	Unit
000 units
Change amplitude	Rises and falls
Laomiao Gold Price	495	yuan/gram		2	2	drop
6fu gold price	499	yuan/g	0		flat
weekday dafu gold price	499		yuan/g	0	0	flat
		flat
	Saturday blessed gold price	500	yuan/g	0	flat
gold supreme gold price	499	yuan/g	0	0	Ping
Lao Fengxiang Gold price	495	yuan/g	0	0	flat
Chao Acer Gold price	499	yuan/g	0	flat
	weekly gold price	495	yuan/g		2	2	drop
	vegetable hundred gold price	485	yuan/g	0	0	flat
	488		yuan/g	0	flat
Zhoudashenghuang Gold price	493		yuan/g	0	0	flat

Beijing time 15:22, spot gold rose 0.71% to $1671.95/oz; COMEX gold futures main contract rose 0.72% to $1680.6/oz; USD index fell 0.11% to 111.854.

Overall, , but gold prices fell by about 7.5% in the third quarter, the largest single-quarter decline since the first quarter of 2021, because Fed has and promised to continue to aggressively raise interest rates.

U.S. In the second quarter, the final value of the GDP annual rate fell by 0.6% as scheduled. The consequences of the Federal Reserve's sharp interest rate hikes seem to have begun to show its true nature, and expectations for a possible recession in the US economy are rising. The fundamental background makes short cautious about rebuilding positions.

However, this year the Fed has raised the cost of holding non-interest-producing gold, and made the US dollar the first choice safe-haven asset. The recent hawkish remarks from multiple officials of FOMC confirmed the bet. This in turn drives U.S. Treasury yields to rise again and should play a role in promoting the US dollar.

Investors seem to believe that in the face of turmoil in global financial markets, the Fed will continue to aggressively raise interest rates to combat stubborn high inflation. “At this point, achieving stable prices remains the top priority,” Cleveland Fed Chairman Mester said on Thursday (September 29). “Gold’s upward momentum has weakened, pausing its pace again after returning to the previous consolidation range of $1,660 to $1,680. Unless we see the dollar lower again, the upward space of gold prices may be limited.”

In addition, other major central bank more positive policy tightening expectations may also limit the upside potential of gold. Therefore, before confirming that gold has formed a near-term bottom and is ready for further appreciation, we should be cautiously waiting for strong subsequent buying. Economists at TD Securities predict: “In October, with the critical labor and inflation data before the Fed’s next meeting coming out, the risk of gold falling again remains widespread.” As gold prices are below the level during the pandemic, real interest rates and the US dollar soar, funds management companies and ETFs holdings continue to flow out, and a few family financial offices and proprietary trading institutions are increasingly feeling pressure and ultimately having to give up their over-inflated positions. ”