Gold prices are down! How much is one gram of gold in China Gold Shop (December 30, 2021)

On Thursday (December 30), The international gold price hovered at the important 1800 mark in a quiet trading atmosphere. A pullback in 10-year U.S. Treasury yields limited losses in gold prices. US The continued decline in people's real income, European Central Bank officials expressed a pessimistic view on the prospect of controlling inflation These will support gold prices for a longer time.

Physical Gold span3span, Chow Tai Fook , Chao Acer , Jin Zhizun, Chow Sang Sang, etc. have all fallen below the level of 480 yuan / gram, and the price has been hovering here for a long time.

_ptable228table _ international gold prices relatively stable performance, but also fell below the key level of 1800 US dollars / ounce. At 15:30 Beijing time, spot gold was selected by 0.41% to $1797.39 per ounce; the main COMEX gold futures contract fell by 0.47% to $1797.3 per ounce; US dollar index rose 0.25% to 96.130.

The yield on the 10-year U.S. Treasury note fell 0.8 basis point to 1.541%, with the dollar index rebounding from a fresh Dec. 1 low of 95.762 recorded overnight. Gold prices hit a new one-week low of $1,789.55 an ounce overnight, but recovered most of the lost ground at the end of the session.

DailyFX currency strategist Ilya Spivak said: “The kind of ups and downs we’ve seen over the last 48 hours doesn’t indicate any particular fundamental catalyst, it’s more that the market is very quiet, volatile Sexuality is magnified by a lack of liquidity.”

Spivak said the first week of January 2022 will provide directional clues as the market thinks the price of gold will be affected by how fast inflation will be In which direction, and What is the Fed doing and how far will it be to curb inflation.

Nominal U.S. personal income from all sources, including wages, salaries, dividends, rental income, Social Security, etc., has grown healthily, but after adjusting for the worst inflation in 40 years, Americans’ real income is fourth in a row month down.

Inflation erodes the purchasing power of workers and retirees, especially those living on fixed income or savings, and wages rarely keep pace with prices. This means that, at least in the short term, inflation will seriously squeeze people's wallets.

The European Central Bank forecast this month that euro zone inflation will fall to 1.8% after 2022. But ECB Governing Council member Nott said in an interview on Thursday that inflation in the euro zone could well exceed current forecasts by the European Central Bank (ECB) in the coming years.

Knott said the outlook currently envisaged may be too optimistic, "I have a different view, I think (after 2022) the possibility of staying above 2%, but not much higher than 2%. Equally big." Nott said earlier this month that the ECB could decide to raise interest rates in 2023 if inflation continues to beat expectations next year.

Smoling Stockbroking managing director Brad Smoling said: “If inflation is rising for a long time, you should be holding hard currency, and that is commodities , especially precious metals.”

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gold shop offer	gold today	unit	Change
old temple gold prices	479	yuan / gram	down
Luk Fook gold price	479	yuan / gram	down
Chow Tai Fook gold price	479	yuan / gram	down
Saturday blessing gold price	482	yuan/g	p 0p flat
GOLD Gold prices	479	yuan / gram	down
old Phoenix gold prices	485	yuan / gram	level
Acer tide gold price	479	yuan / gram	down
Chow Sang Sang gold price	479	yuan/gram	down