On September 26, during the Asian and European period, spot gold fluctuated and fell, continuing the decline last Friday. hit a low of $1,626.60 per ounce, the lowest since April 7, 2020. USD hits a high of more than 20 years, putting heavy pressure on gold prices.
At present, the gold prices in major domestic gold stores have also fallen. Among them, the highest gold price is week dasheng , is quoted 493 yuan/gram , the lowest gold price is Caibai and week Shengsheng , and is quoted 485 yuan/gram.
As of press time, the gold price of Zhonggui Gold Cost investment gold bar was 383.26 yuan/gram. It fell 1 yuan per gram from last Friday.
The latest prices of major brands of gold stores are shown in the table below for reference only:
It can be seen that html has the highest decline in 3 weeks, fell by 9 yuan/gram, and the gold price difference between gold stores is 8 yuan/gram, and the price difference is a bit large.
Due to the strengthening of the US dollar and the adoption of radical hawkish stance by major central banks around the world to curb inflation, the gold price will be below $1,615 in the future. In this regard, relevant analysts said that unless you see Fed change policy, and other central banks also follow the Fed's turn, will be difficult to find a reason for gold to rise.
When the recession becomes a reality, gold may have a chance to restore its safe-haven characteristics, because the Fed will no longer raise interest rates .
It is reported that several Fed officials will make speeches this week, and it is more likely to be biased towards hawks, which will limit the rebound space for gold prices.
gold price may continue to fall in the future market. Due to the weak rebound of gold, international gold prices are expected to fall below US$1,600 per ounce this year, and domestic gold prices are expected to continue to fall.
