On Thursday (October 27), the international gold price of surged and fell, and the overall price remained at a fluctuating level. Affected by this, the gold price of domestic gold stores has risen and fallen. The gold price of 4 brand gold stores has fallen below 500 yuan/gram. The cheapest one is China Gold at 488 yuan/gram, and the most expensive gold price of Zhou Dasheng is 508 yuan/gram. This is the gold price announced on the official website today for reference only:
Gold store quote | Today's gold price | Unit | Change amplitude | Rises and falls | |||
| mhmhGold price | 498 | yuan/g | 3 | 3 | drop | ||
6Fu Gold price | 502 | 0 | 0 | flat | |||
weekly dafu gold price | 505 | yuan/gram | 3 | 3 | rise | ||
Saturday bless gold price | 503 l3 | yuan/g | 0 | flat | |||
gold supreme gold price | 502 | yuan/g | 0 | 0 | flat | flat | |
Lao Fengxiang Gold price | 506 | yuan/g | 0 | flat | |||
Chaoac Gold price | 502 | 0 | flat | ||||
weekly Shengsheng gold price | 499 | yuan/g | 1 | 1 | drop | ||
vegetable 10 gold price | 492 | yuan/g | 0 | flat | |||
Chinese gold price | 488 | 488 | yuan/g | 0 | 0 | flat | |
weekly gold price | 508 | yuan/g | 0 | 0 | flat |
Today International gold fell slightly 0.30% to $1659.65/oz, with resistance around $1670/oz. The main contract of COMEX gold futures fell 0.34% to $1663.6/oz. And the dollar index rebounded after refreshing its low of 109.527 since September 20.
CME Group's latest data shows that overnight COMEX gold open contracts grew for the third consecutive day, with an increase of about 2,300 lots; trading volume increased for the second consecutive day, with an increase of more than 2,000 lots. Open contracts and trading volume both increased, suggesting that gold prices may rise further in the short term.
DailyFX Forex strategist Ilya Spivak said there are some signs that some central bank remarks, including Feder , are softening, which provides room for the dollar to correct its lower level and gold finds more footholds.
The Bank of Canada announced overnight that rate hikes was less than expected, saying its historic currency tightening process was coming to an end. Investors are waiting for the new policy decision of ECB that will be released later within the day. Haresh Menghani of
FXStreet explained: "Due to concerns that the ongoing Russian-Ukraine war will have adverse effects on the economy, investors focused on new European Central Bank statements and press conferences, although ECB President Lagarde mentioned at the beginning of this month that interest rate hikes are the best tool to defeat inflation."
The total annualized number of new home sales in the United States fell after the season adjustment in September, and the data was lowered last month, indicating that Fed rate hikes have worked. Investors will also review the U.S. third-quarter GDP data released later this day. The initial value of the annualized quarterly rate of the US real GDP in the third quarter is expected to be 2.4%, which is expected to reverse the contraction trend in the previous consecutive quarters. If the data is weaker than expected, it will suppress the US dollar.
Although it is widely believed that the Fed will raise interest rates for the fourth consecutive 75 basis points at its November meeting, the rate hikes in December may be reduced. Gold is highly sensitive to the Fed's interest rate hikes, because this will increase the cost of holding of gold for non-interested assets .
