On Monday (September 26), international gold prices hit a new low of $1,626.60/oz since early April 2020, as the dollar strengthened and major global central banks adopted radical hawkish stance to curb inflation. However, the global economic growth prospects are worrying, and risk aversion limits the room for gold prices to fall.
Affected by this, the gold price of domestic gold stores has generally rebounded today. Except for Caibaihe China Gold , it all rose to around 493 yuan/gram. This is the gold price announced on the official website today. For reference only:
Gold store quote | Today's gold price | Unit | Change range |
| rise and fall | |||||||
Laomiao gold price | 493 | yuan/gram | 4 | 4 | 4 | rise | ||||||
6fu gold price | 493 | yuan/g | 4 | 04 | 00 rise | |||||||
weekly dafu gold price | 493 | 00 yuan/g | 4 | 00 rise | ||||||||
Saturday favour Gold price | 494 | yuan/g | 4 | 4 | rise | |||||||
0 Gold Supreme Gold price | 493 | RMB/g | 4 | 4 | rise 0 | |||||||
Lao Fengxiang Gold price | 494 | yuan/g | 0 | 0 | flat | |||||||
Chao Acer Gold price | 493 | yuan/g | 4 | 000000000000000000000000000000000000000003 | 6 | 000000000000000000003 | 6 | 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 5 | yuan/g | 3 | 3 | 0 rise |
0China gold price | 488 | yuan/g | 0 | 0 | flat | |||||||
0 weekly dasheng gold price Ge | 493 | yuan/g | 0 | flat |
Beijing time 15:16, spot gold fell 0.17% to 1640.83 USD/oz; COMEX gold futures main contract fell 0.45% to 1648.3 USD/oz; USD index rose 0.28% to 113.376.
The world's major including Feder Central Bank significantly raised interest rates last week, and the global economic growth prospects are worrying. Surveys released last Friday (September 23) showed that business activity across the euro zone fell further in September.
However, Atlanta Fed Chairman Bostic said last Sunday (September 25) that he still believes the Fed can control inflation without causing a large amount of unemployment. "We do not recommend a fixed allocation of gold unless investors want to speculate on exchange rate
InfraCap Equity Income Fund (ICAP) ETF portfolio manager Jay Hatfield said: "Given the price volatility and no stable income source, there are few permanent gold or metal exposures in the portfolio. If investors are particularly concerned about the reversal of the dollar appreciation trend, they may consider very modest exposure, which could further alleviate inflationary pressures and support gold prices.""In general, while every investor situation is unique, we believe that 3-5% of the gold product allocation seems to be enough to capture the benefits of holding gold as an asset class," said Imaru Casanova, deputy portfolio manager and senior gold analyst at
VanEck. "
WallachBech Capital's Mohit Bajaj also supports maintaining small exposure to gold assets in his portfolio. He said: "I am a staunch supporter of always fully allocating various asset classes, and 5-10% (gold exposure) should be more than enough. ”
