Since mid-March, 2022, the international gold price has been in a downward trend as a whole. At present, the gold price has fallen to about $0/715 per ounce. Especially since July, the international gold price has fallen more and risen less. At the beginning of July, the international gold price once reached about 1, 865,438+05 dollars, but now it has fallen to 1, 765,438+05 dollars, which is equivalent to a drop of at least 5.2% in the international gold price. In the context of the continuous decline in international gold prices, domestic gold prices have also continued to fall, but the decline in domestic gold prices is not as large as that of international gold prices.

On the whole, the Shanghai gold futures price is basically the same as the international gold price. The price of gold in Shanghai once reached 409 yuan per gram, but then it also fell all the way, and now it has fallen to about 375.8 yuan. Judging from the quotations of major gold shops on 2 1, the price is basically between 472 yuan and 490 yuan. The highest price of gold is China gold and 490 yuan per gram, and the lowest price is 472 yuan per gram of vegetables. The quotations of other gold shops are basically floating around 480 yuan.

However, judging from the quotations of major gold shops, most of them have declined, and the decline rate of most gold shops is between 3 yuan and 5 yuan per gram. Seeing that the international gold price has continued to fall during this period, many people are eager to move, and some people are ready to start with gold. Should we start with gold now? Will gold fall in the future? Judging from some factors that currently affect the trend of gold, the price of gold may still fall in the future, but the decline is not expected to be too great.

On the one hand, the Fed may continue to raise interest rates substantially. The Federal Reserve will announce the interest rate decision. According to the current inflation level in the United States, the market generally predicts that the Federal Reserve may raise interest rates by 75 basis points. Some time ago, the United States announced the CPI in June. The original market forecast was only about 8.9%, but I didn't expect the CPI in the United States to increase by 9. 1%. It can be seen that the three rounds of interest rate hikes adopted by the Federal Reserve in the past have not effectively curbed inflation in the United States. Therefore, the market generally predicts that the Federal Reserve will probably announce that it will continue to raise interest rates by 75 basis points next Thursday, and some economists even predict that it may take a strong interest rate hike, that is, 100 basis points.

If the Fed continues to raise interest rates sharply, it will further push up the US dollar index, which will have a great crowding out effect on various precious metal futures such as gold. Therefore, it is not excluded that the price of gold may continue to fall in the future, and may even fall to around 1.650 USD. On the other hand, global risk aversion will remain at a high level in the context of persistent geopolitical conflicts in many countries around the world and intensified economic recession expectations. Therefore, even if the Fed raises interest rates sharply in the short term, it may lead to a decline in gold, but the decline is unlikely to be too great. For a long time to come, the price of gold may still fluctuate between 1.500 USD and 1.800 USD. On the whole, now is not the best time to bargain for gold. If you enter the gold market easily, you will face many uncertain risks, so it is recommended to be cautious.