On march 24, the price of domestic brand gold and accessories continued to decline, with many brand offers falling at the beginning of the year, influenced by large fluctuations in international gold prices。
Of these, the price of gold jewellery is reported at us$ 1350/g, a decrease of 17 yuan compared to yesterday; the price of gold jewellery at zhou dafu is reported at us$ 1346/g, a decrease of 29 yuan compared to yesterday; and the price of gold jewellery at the old temple is reported at us$ 1345/g, a decrease of 29 yuan. The price of gold fell back to the price range at the beginning of the year。
Prior to this, on 23 march, international gold prices went off in a rare and violent shock, with a significant downfall in the spot gold plate, with a successive loss of $4400, 4300, 4200 and $4,100 in one day。
The large volatility of gold prices has led to the rapid entry of a number of previously expected consumers. On 23 march, several gold stores in zhengzhou were surrounded by customers coming for advice, price and selection。
According to a number of doorkeepers, the proportion of clients coming to consult for marriage celebrations with gold on a daily basis is higher, while the clients who buy gold bars invest in relatively cautious and more emotional。
But the sharp fluctuations in gold prices have also been disturbing for businesses. In many gold shops, consumers are reminded that the final price for gold bars is to be paid at the time of the closing of the accounts, even when traders choose to leave early collection due to excessive fluctuations。
Why is gold, which used to have risk avoidance attributes, a highly volatile asset?
In response, zhu chiu, vice-president of the guangdong gold association and chief gold analyst, in an interview with dahe finance cube, just described the guiding logic of the fall in the price of the current round: “iran is an oil-producing country, and the middle east is a central source of global oil. The continuation of the war has led to a substantial rise in crude oil prices, and the surge in oil prices has led to an increase in the expectations of dollar inflation, followed by the strengthening of the dollar and a negative correlation between gold and the dollar, which naturally falls.”
This chain of “geo-conflict oil prices soar in inflation and soar in the dollar so that gold falls” is the driving logic at the heart of this cycle。
Editor-in-charge: lee wenyu
