Today is October 12th. Unlike yesterday's sharp drop, the gold prices of major gold stores have fallen slightly today, and the prices of most gold stores remain unchanged. Moreover, the gold store with the highest gold price today and the gold store with the lowest gold price still have not changed. It is still week-old Dasheng and China Gold , respectively, quotations are 508 yuan/gram and 488 yuan/gram respectively. Today, the price difference between the price of is 20 yuan/gram , and the price difference is very large.
Specific latest prices for gold stores of major brands are shown in the table below:
Today's gold store gold prices (October 12, 2022) | ||||||||
Gold store quotation | Today's gold price | Unit | Change range | rise and fall | ||||
Laomiao Gold price | 497 | yuan/gram | 1 | fall | ||||
| fall | |||||||
| yuan/g | 0 | flat | |||||
Weekly Dafu gold price | 502 | yuan/g | 0 | flat | flat | |||
503 | yuan/g | 0 | flat | |||||
gold supreme gold price | 502 | yuan/g | 0 h | flat | ||||
Lao Fengxiang gold price | 504 | yuan/gram | 0 | flat | flat | |||
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| gold price | 502 | yuan/g | 0 | flat |
weekly life gold price | 498 | yuan/g | 1 | fall | ||||
drop | ||||||||
492 | yuan/g | 0 | flat | |||||
China gold price | 488 | yuan/g | 0 | flat | ||||
Weekly Dasheng gold price | 508 | yuan/gram | 0 | 0 | flat |
After talking about the gold price, let’s talk about the platinum price. Let’s continue to take Chow Tai Fook as an example. The gold price remains unchanged today, while the platinum price fell sharply, with a drop of up to 4 yuan, and the quotation is 363 yuan/gram. The platinum prices in other gold stores will not be reported in detail for the time being. If you want to know the platinum prices in major gold stores, please leave a message . After Xiaojin sees the message, he will add and organize it for you in the future.
Today's gold price remained basically unchanged, while the gold recycling price fell slightly, with a drop of 1 yuan/gram.At the same time, the recycling prices of each brand are also different. Xiaojin has roughly sorted out a few. See the table below for details. The data is for reference only:
Today's gold store gold recycling prices (October 12, 2022) | |||
Recycling Quotation | Today's gold price | Unit | |
Gold | 381 | yuan/g | |
vegetarian 10g gold | 375 | yuan/g | |
yuan/g | |||
Zhoushengsheng Gold | 376 | yuan/g | |
Zhou Dafu Gold | 377 | yuan/g | |
Lao Fengxiang Gold | 378 | yuan/gram |
After talking about the price of physical gold , let’s talk about the international gold price:
Yesterday, spot gold stepped out of the roller coaster market, and once hit a low of $1,661. After a brief rebound to 1680, it fell rapidly, approaching the 1660 mark, and finally closed down 0.1%, at $1,666.24/ounce. Today, spot gold fell first and then rose. As of press time, the price of gold was temporarily at $1,673.2 per ounce, with rising by 0.42%.
At present, the US dollar has risen to a high of nearly two weeks, and the US Treasury yield is approaching its peak for many years. The Bank of South Korea has raised interest rates again as expected by hrefore. The strong rise in the US dollar has intensified the risk of import inflation. In this regard, Fed Mester said that it has not yet controlled the surge in inflation and needs to further promote austerity policies. IMF Chief economist said that the inflation blocking war between central banks in various countries will continue until 2024, which is negative for gold prices.
However, the economy faces multiple shocks, and the IMF lowered its global growth prospects in 2023. A survey by the New York Fed said that US households' expectations for growth in spending in the next year fell sharply in September. The German Chancellor called on the whole nation to unite to overcome the energy crisis, but some differences within the EU are still unresolved, and the conflict between Russia and Ukraine is still intensifying. Ukraine even called for more security at the G7 meeting. G7 also responded that "as long as there is a need", the tense geopolitical situation will be beneficial to gold prices.
For gold prices in the future, Craig Erlam, senior market analyst at OANDA, said that it is difficult to find a reason to be bullish on gold in , because the inflation peak may not have arrived yet and interest rate hikes may continue until this situation occurs.
However, Lukman Otunuga, market analysis manager at FXTM, said that if U.S. inflation data falls below expectations on Thursday, it may provide gold bulls with room to fight back and open up a path toward the psychological level of $1,700.
Generally speaking, in the short term, spot gold still has the possibility of falling, while the gold price in domestic gold stores still has room for decline. If there is a demand for buying gold, you can wait.
