On October 12, international gold price rose, leaving the low of $1,660.76/oz set overnight, which was low of $1,660.76/oz. Investors were cautious before the minutes of the Federal Reserve 9 meeting and the release of U.S. inflation data in September.
Following the sharp drop in international gold prices yesterday, the gold prices of major domestic gold stores fell today. Among them, the highest gold price is still week dasheng , is quoting 508 yuan/gram , and the lowest gold price is Caibai, is quoting 492 yuan/gram.
As of press time, the gold price of Zhonggui Treasury investment gold bar was 392 yuan/gram.
The latest prices of major brands of gold stores are shown in the table below for reference only: Note: Zhonggui Treasury Reference Shanghai Gold Exchange Gold Price.
Although the international gold price rebounded sharply today, the gold price is still bearish. is expected to maintain the radical hawkish policy. The gold price will continue to fall in the future, and the support below is still looking towards US$1,655.
Fed's September meeting minutes and U.S. inflation data will be released at 2:00 and 20:30 Beijing time on Thursday. Investors hope to find more clues about the pace of the Federal Reserve's monetary policy tightening.
Relevant analysts said that the current gold price of seems to be consolidating, and the market expects Fed rate hike to be more radical and gold will fall.
Cleveland Fed Chairman Mester said that the hike rate hike this year is a sharp increase in , and the central bank hike still cannot control inflation and needs to continue to tighten monetary policy . In response, relevant industry insiders said that the inflation blocking war between central banks in various countries will continue until 2024, with negative gold prices.
Overall, the current gold price is still bearish, and the domestic gold price of also has room for decline.
In addition, in the current economic environment, the risk of investing in stocks, funds, futures is too high, and the risk of investing in physical gold is relatively small.
The storage of physical gold is not a problem. Zhonggui Vault is a place for storing valuables, a private vault.
