The international gold price is only one step away from the US$1,900 mark

  10 yuan per gram, Beijing gold jewelry intensive price adjustment

  News from our newspaper (Reporter Zhang Qin) Following the price increase of 8 yuan per gram on July 22, the price of gold jewellery in Beijing's gold stores rose again just one day after yesterday, with an increase of 10 yuan per gram. So far, the price of gold jewelry in Beijing has experienced the most intensive successive increase in history, and behind this is the continuous sharp rise in the international gold price. Yesterday, the international gold price once rushed to 1898 US dollars per ounce, only one step away from the 1,900 US dollars mark. Far away, it is getting closer and closer to the all-time high of the gold price of $1920.

  Affected by this, the price of gold jewellery in Beijing's gold stores has also risen sharply. According to data obtained by a reporter from Beijing Youth Daily yesterday from Beijing Guohua, Caibai and other gold stores, the price of pure gold 999‰ (formerly thousand pure gold) jewelry here has risen to 495 yuan/g, and the price of pure gold has risen to 485 yuan/g. Although the price of gold in the Beijing Sun Gold Store is relatively low, it also rose by 10 yuan per gram yesterday. The current price of gold jewelry here is unified at 493 yuan/g, and the member price is 488 yuan/g. So far, the price of gold jewelry in the Beijing market has risen by 140 yuan/g over the same period last year, and has risen by 80 yuan/g since the beginning of this year. The increase in this month alone has reached 22 yuan/g.

  Yu Guiying, general manager of the Sun Gold Store, told the Beijing Youth Daily that the current round of gold price increase is mainly due to the dual uncertainties of the epidemic and the international situation. Global risk aversion is rising, and gold is undoubtedly the best hedging at this time. tool. She introduced that in addition to international factors, the traditional Chinese Valentine's Day is about to usher in the current domestic market. This was originally a small peak in the sales of gold jewelry. The superposition of multiple factors is expected to increase the sales of gold jewelry again.

  background

  New York gold price rises to nearly 9-year high

  Regarding the future trend of gold prices, analysts believe that although US$1,900 is an important psychological threshold, it is only a number for the trend of gold prices. From the current gold price situation, winning US$1,900 should not be a big problem. However, Yu Guiying also reminded investors that due to the continuous rise in international gold prices in recent days, it is recommended that investors consider buying on dips and waiting for the subsequent rise in gold prices to make profits: “After all, the international gold price has increased by more than 6% this month, and in 2020, The increase is close to 25%." But she is still optimistic about the future trend of gold prices and believes that there is still upward momentum. In this regard, Guohua jewelry analysts also said that gold ushered in eye-catching gains in Thursday's European and US markets, breaking through the two major barriers of 1880 and 1890, respectively, and soaring nearly $30 since the low. "It is worth noting that COMEX gold futures have successfully broken through 1,900 US dollars per ounce." The person emphasized.

  The most actively traded August gold futures price on the New York Mercantile Exchange gold futures market on the 23rd rose 24.9 US dollars from the previous trading day to close at 1890 US dollars per ounce, an increase of 1.34%. The closing price of gold that day was the highest since September 2011.

  The market expects that the United States will implement a new round of fiscal stimulus plan. The fiscal stimulus plan will increase the possibility of a weak dollar and support gold prices.

  George Gro, managing director of the Royal Bank of Canada Wealth Management Company, believes that the price of gold is a barometer of socio-economic and political changes and also reflects the impact of the new crown pneumonia epidemic. "The price of gold is close to a nine-year high. Investors have seen more economic stimulus, more debt, and more worry everywhere, all of which make gold buyers act more decisively."