Today is October 17th. The gold prices of major gold stores fell sharply, with the largest drop of up to 5 yuan/gram, and the prices of most gold stores fell below the 500 yuan mark. However, the first weekly has not fallen in the past few days, so the first place today is still Zhou Dasheng. is quoting 508 yuan/gram , and the gold store with the last gold price is still China Gold , and is quoting 488 yuan/gram . 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 17, 2022) | ||||||||||||
Gold store quotation | Today's gold price | Unit | Change amplitude | Today's gold price | Unit | Change amplitude | ml12 | rise and fall | ||||
Laomiao Gold price | 495 | yuan/gram | 2 | 2 | fall | |||||||
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| 497 | yuan/g | 5 | fall | |
Weekly Dafu Gold price | 497 | yuan/g | 5 | fall | fall | |||||||
fall | ||||||||||||
fall | ||||||||||||
498 | yuan/gram | 5 | fall | |||||||||
gold supreme gold price | 497 | yuan/gram | 5 | 5 | 5 | 5 | 11 falls | |||||
Lao Fengxiang Gold price | 502 | yuan/gram | 2 | 2 | falls | |||||||
yuan/g | 5 | fall | ||||||||||
| htm11htm11htm11htm11htm11htm11htm12htm11htm12htm11htm11htm12htm11htm10htm12htm11htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm10htm12htm11htm12htm11htm12htm11htm10htm10htm10htm0g Price | 489 | yuan/g | 3 | drop | ||||||||
China gold price | 488 | yuan/g | 0 | flat | 2 | |||||||
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 fell by 5 yuan today, but the platinum price rose abnormally. rose by as high as 6 yuan/gram, and the quotation was 371 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, the gold price basically fell sharply, 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 17, 2022) | |||
Recycling quotation | Today's gold price | Today's gold price | Unit |
Gold | 380 | yuan/g | |
vegetable 10Gold | 374 | yuan/g | |
weekly golden | 375 | yuan/g | |
Zhou Dafu gold | 376 | yuan/g | |
Lao Fengxiang gold | 377 | yuan/gram |
After talking about the price of physical gold , let’s talk about the situation of international gold price :
Last week, spot gold fell sharply after it was difficult to break the $1,700 mark and fell sharply by $60. Finally, it almost stood at 1.44%, closing down 1,641.76/oz. Today, spot gold "opened flat and closed high", rose slightly, returning to above 1650. As of press time, the gold price was temporarily reported at US$1655.03 per ounce, an increase of 0.68%.
At present, due to the deteriorating inflation data of consumers inflation expectations triggered inflation concerns, US stock plummeted, U.S. import prices fell for the third consecutive month in September, Goldman Sachs adjusted the UK's 2023 economic forecast from a decline of 0.4% to a decrease of 1.0% . The President of the Bank of England and the new Chancellor of the Chancellor "reached a consensus" on resolving the UK crisis, which is beneficial to gold prices.
In addition, the dispute between Russia and Ukraine is still fermenting. Putin said that the mobilization should be completed within two weeks. Russian recruits have suffered casualties on the battlefield. The United States provides Ukraine with another US$725 million in military aid. . The war between Ukraine and Khlsong is constantly on the verge of war, and the tense political situation is also beneficial to the gold price.
However, the US dollar rose 0.73% last Friday, alleviating the pressure of pullback. The US 10-year Treasury yield was positive for ten consecutive weeks. The market's expectations for terminal policy interest rates next year have significantly increased to nearly 5%. In this regard, Federal Reserve Daly said that terminal interest rates may have to be raised, and the peak of federal funds interest rates is most likely to be 4.5%-5%, which is negative for gold prices.
For gold prices in the future, city index analyst Matt Simpson said that gold has risen slightly from the (more than two weeks) lows set last Friday, but buyers lack confidence. The trend of the US dollar and U.S. Treasury yields will dominate the future trend of gold. If they continue to rise, it may only be a matter of time before the gold price falls below $1,600.
In fact, as gold prices break below the $1,650 mark per ounce, Wall Street is extremely pessimistic about the price of gold this week. In the Kitco Gold Weekly survey, 78% of analysts expect gold prices to fall.
Generally speaking, in the short term, spot gold may continue to fall, while the price of gold in domestic gold stores is expected to drop again. You can wait and see.
