The price of silver also hit an 11-year high, so fierce! It has reached 740 yuan/gram! Domestic gold store retail price rises by 12 yuan/gram overnight
Last night, gold and silver experienced a sharp rise again. This morning, the retail price of domestic brand gold rose by up to 12 yuan. The listing prices of many gold stores set new records again. For example, the listing price of Chow Sang Sang has reached 740 yuan/g, Chow Tai Fook, Mankalong, Chao Acer and others also posted a new high price of 739 yuan/gram.
"It's going to be 520 soon. Such a high gold price may suppress everyone's enthusiasm for consumption." said a senior store manager of a jewelry store in Hangzhou.
Data show that international gold futures and spot prices both strengthened last night, and silver performed even stronger. Futures and spot prices rose by more than 6% in a single day and hit a new high.
Looking ahead to the market outlook, can gold and silver prices continue to rise?
Hangzhou investors lost money on the 12 kilogram silver bars they bought
Early this morning, watching the skyrocketing price of silver, Ms. Wang from Hangzhou felt a little depressed. "I really bought it at the top of the mountain and sold it at the lowest point. I wanted to invest and make money, but ended up losing more than 4,000 yuan."
In more than a month after Ms. Wang bought it, the price of silver went through some shocks and adjustments, and finally broke out last night.
Wind data shows that as of last night's close, COMEX silver futures prices rose 6.36% in a single day to US$31.775 per ounce, hitting an 11-year high; London silver was now trading at US$31.49 per ounce, also hitting an 11-year high, with a single-day increase of 6.60%.
If Ms. Wang sells today, the price of silver will be above 7.4 yuan/gram. However, Ms. Wang sold it when silver fell some time ago. “It has been falling during that time and I can’t hold on. Forget it, I will keep this little money as my own.” Use it up!”
A precious metals analyst at a futures company in Zhejiang told reporters that a senior manager of the international department of a state-owned bank in Zhejiang told reporters: Silver’s fundamentals are highly uncertain, and its attributes are more speculative. From this perspective, long-term investment is not It is suitable to invest in silver. If investors have strong short-term analysis ability and speculation ability, then silver is a good variety because its fluctuation range is greater than gold.
Gold also rose sharply last night. Xiao Shen, a staff member of a gold recycling company in Hangzhou, told reporters, "Last night gold rushed up, and many customers wanted to sell gold. The calls came one after another. It was busy until almost 12 o'clock."
These customers called Xiao Shen to lock in the gold selling price. "The locked price means that the customer has gold in his hands, but cannot trade on the spot at night, so he locks the sale according to the real-time recycling price last night, such as 563 yuan/gram. Whether it rises or falls later, the transaction will be done at this price."
Xiao Shen revealed that customers locked up 6 kilograms of gold for sale last night. “When everyone saw the sharp rise in gold prices, they became active again. In the early days, when gold prices fell, transactions were relatively light.”
Like silver, gold futures and spot prices strengthened overnight and both were approaching record highs. As of the close, COMEX gold futures prices rose 1.44% to US$2,419.8 per ounce; London gold rose by 1.61% to US$2,414.5 per ounce.
Domestic gold also rose sharply today. The retail prices of many gold stores increased by more than 10 yuan/gram overnight. At present, the price of gold jewelry of various brands has reached around 740 yuan/gram per gram, and the prices in many gold stores have refreshed previous records.
"Actually, we predicted that the gold price would break through the day before yesterday, and it happened anyway. I'm afraid it will continue to rise in the future." The senior store manager mentioned above pointed to the selling price of 739 yuan/gram in the store and told reporters that the gold price is so high that it makes people worry. , sales can't be done.
After the price of gold and silver rose sharply last night, will it rise again in the future?
Zheng Hong, senior analyst of macro and precious metals at Zheshang Futures Research Center, said in an interview with reporters today: "The recent rise in gold and silver may be related to the slowdown in the previously announced U.S. inflation data in April, in which the rental index represents the stickiness of inflation. The price has fallen again, giving the market confidence that inflation will continue to slow down, making expectations for interest rate cuts rise again, thus driving precious metal prices to rise sharply in the future."
A senior analyst at the international department of a state-owned bank in Zhejiang believes: "From a fundamental point of view, the current market's positive factors such as increased expectations for the Federal Reserve's interest rate cut outweigh the negative factors; from a technical point of view, it is gold that is currently rising in this round. In the fifth wave, it is very possible to break through the previous high, and it is expected to continue to open up space in the future. Therefore, overall, I am still optimistic about the continued upward trend of gold.” However, he reminded: I hope that individual investors will allocate their family assets reasonably. From an investment perspective, do not engage in speculative trading, because the current gold price is at a relatively high level, and if the external situation changes, there may be a major correction at any time.
