The international gold price has fallen for five consecutive months. Yesterday, the New York Mercantile Exchange gold futures price reported 1.682 USD/oz, which was about 20% lower than the high of 2078 USD/oz in early March.

Early this morning, the Federal Reserve announced that it would raise the target range of the federal funds rate by 75 basis points to between 3% and 3.25%, and the price of gold continued to fall. The reporter visited a number of gold shops in Shanghai, and the person in charge of the gold shop said that most gold customers bought up and didn't buy down. Recently, the price of gold has fallen, and the investment demand for gold bars has been suppressed.

At present, the price of gold in many gold shops ranges from 460 yuan to 490 yuan per gram, which is about 20 yuan lower than that in early June. In terms of trading volume, the trading volume of gold in Shanghai Gold Exchange in August was 9 12 tons, a decrease of 222 tons compared with the same period last year.