Domestic gold prices have been fluctuating with the rise and fall of international gold. Nowadays, domestic gold has also risen in an all-round way, with the average price per gram reaching about 5 15 yuan. This is the gold price of the gold shop announced by official website today, for reference only:
Jinjiang branch
Today's gold price
unit
High tide and low tide
Old temple gold price
5 15
Yuan/gram
flat
Liu Fu gold price
5 16
Yuan/gram
rise
Chow Tai Fook gold price
5 16
Yuan/gram
rise
Leofoo gold price
5 17
Yuan/gram
rise
The highest price of gold
5 16
Yuan/gram
rise
Laofengxiang gold price
520
Yuan/gram
rise
Chaohongji gold price
5 16
Yuan/gram
rise
Zhou Shengsheng gold price
5 14
Yuan/gram
autumn
At 15:32 Beijing time, spot gold rose by 0.03% to 185 1.82 USD/oz; COMEX gold futures main contract rose 0.22% to 1854. 1 USD/oz; The dollar index fell 0. 14% to 102.035.
Last Friday (June 3rd), the price of gold hit a new high since May 9th 1873.99 USD/oz. However, after the US non-farm payrolls report was released in May, it closed down nearly 1%. As American employers hired more employees than expected in May, it strengthened the possibility that the Fed would continue its May policy in June and July, that is, raise interest rates by 50 basis points at each meeting.
TD Securities analyst said: "The May report supports the view that although the labor market remains firm, it continues to slow down gradually. We don't think the report will change the Fed's policy path, and we will continue to support them to raise interest rates vigorously until interest rates become more neutral in the fall. " But the better the data, the more difficult it will be for the Fed to suspend or slow down the pace of tightening later this year.
Inflation in the United States is expected to remain strong in May, with overall inflation and core inflation expected to rise by 8.2% and 5.9% respectively. TD Securities analysts predict that the price of used cars will be the main contribution. We also expect that air tickets and house prices will continue to rise.
Cleveland Fed President Meister has previously said that she supports a 50 basis point rate hike in June and July. The September meeting does not rule out the continuation of this policy, but it depends on the data. She said that if we see a convincing decline in inflation, it is appropriate to raise interest rates by 25 basis points in September.
However, the strong oil price is good for gold price, because it rekindles people's worries about inflation. The increase in production by the Organization of Petroleum Exporting Countries and its allies (OPEC) does not seem to have stopped the oil price from soaring.
Related Q&A: Related Q&A: The price of gold plummeted! July 2023 1 What are the gold prices of major gold shops? On July 1 day, 2023, the price of gold plummeted on July 1 day in the second half of the year, ending the market situation of five consecutive rises. July 1 How much is the gold price of major gold shops?
Gold, as a hard currency, can replace the banknotes of various countries, or be used as a currency for the equivalent exchange of banknotes of various countries. Gold is valuable because the hardness of gold can be achieved, and real gold is not afraid of fire. Moreover, the production and reserves of gold in the world are very small, so gold is valuable.
The price of gold is divided into selling price and buying price, which is very different. One gram of gold should have a price difference of more than 100 yuan. It is clear that the international standard unit of gold is ounces, and in China it is grams.
On July 1 day, 2023, the selling price of gold fell sharply. The highest drop per gram is 6 yuan, and the lowest drop is two yuan. As long as gold is sold with processing fees, the price is relatively high.
On July 1 day, the price of gold fell below 5 10 yuan per gram, and the price of gold in most gold shops ranged from 502 yuan to 508 yuan. The following are the gold prices of several well-known brands for reference only:
On July 1 day, the recovery price of gold also began to fall, but the magnitude was not as big as that of gold, with an average drop of three yuan per gram. The following are the reference prices of several gold recycling shops:
In summary, due to the international economic environment and the Fed's interest rate hike, the price of gold fell. However, gold is always hard currency and common currency, so it is safer to store gold than to store others.