On October 11, international gold price fell for the fifth consecutive trading day under the pressure of rising US dollar and US Treasury yields. gold fell to $1,663.95, earlier in the session, hit its lowest level since October 3.
Gold prices in major domestic gold stores have also fallen sharply. At present, the highest gold price is still weekly Dasheng , quotation is 508 yuan/gram , q Caibai quotation is 492 yuan/gram.
As of press time, the gold price of Zhonggui Treasury investment gold bar was 391/gram. Note: Zhonggui Treasury Reference Shanghai Gold Exchange Gold Price.
The latest prices of major brands of gold stores are shown in the table below, for reference only:
The gold prices of more than 500 yuan/gram have fallen again, and are expected to fall again!
At present, the price of spot gold is continuing to fall. From October 5th, as of 11:26 on October 11, the price of spot gold has fallen by nearly $52 per ounce in 5 trading days. As of press time, spot gold has fallen to $1,660 per ounce, and is about to fall below 1,660!
Analyst of a well-known financial website said that if the current gold price falls below $1,660/ounce, gold price may suffer a bigger blow.
According to data released last Friday, despite a moderate slowdown in U.S. employment growth in September, the decline in unemployment rate shows that the economy is resilient and extinguishes hope that the Federal Reserve will soon turn. Traders generally expect to raise interest rates again next month's Fed meeting hikes 75 basis points.
It can be foreseen that gold prices may fall below 1600 in the future and fall to around 1585! Domestic gold prices will also fall again due to this impact.
However, even in such a downward situation, it is difficult for domestic customers who purchase a small amount of jewelry gold to specifically feel the decline in the gold price.
Therefore, compared with jewelry gold, investment gold is a more suitable choice when the gold price falls. 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.
