Settle!The price hit the new low in October

According to CCTV Finance July 17,

The international gold price set in March this year

2070.42 highs of USD/ounce,

Afterwards, fell all the way,

As of July 15th,

New York Commodity Exchange Gold Futures Price

Close at $ 1703.6 per ounce,

International gold prices have appeared around for a long time,

A new low of nearly ten months.

The price of gold is lower,

It also stimulates domestic gold consumption.

International gold prices hit a new low in October

Stimulate domestic gold consumption

Recently, the reporter saw in a gold mall in Beijing that there were endless customers who came to buy gold jewelry.

The person in charge of the mall told reporters that since June of this year, with the decline in gold prices, the gold jewelry prices of their mall have been reduced by 7 times. Among them, the price of the foot gold 999 was 518 yuan on June 11 to 485 yuan on July 14.

The person in charge of a number of gold sales stores in Beijing told reporters that in the past, July and August was often the off -season of gold sales, but this year's international gold price was expected, and some consumers believed that the price was reasonable, which also promoted the growth of recent gold jewelry sales.

Data show that the demand for physical gold continues to increase. In June, the total amount of the Shanghai Gold Exchange was 140 tons, an increase of 37 tons from May, and an increase of 7 tons compared with last year.

Investors make up the sales of investment funds increase

In addition to the increase in gold jewelry sales, recently, gold investment has also ushered in a wave of small climax. Some investors choose to make up for the position, and the sales of gold bars have also increased a lot.

Mr. Pei in Beijing has invested in gold for many years, and he told reporters that in March this year, all the gold on his hand shot. Recently, the price of gold has been explored. While watching and looking at it, he was able to make up the position.

The reporter's investigation found that the sales of investment funds in Beijing also increased significantly. Although some investors hope that the price of gold will be reduced further, the enthusiasm of everyone's investment has been heating up.

Li Fang, director of the gold bar group of the Beijing flagship store, said: The number of passenger flows to see the gold bars has increased by 200 % compared with the previous, and the sales volume increased by 20 %.

According to industry analysts, the Fed's monetary policy has tightened this year, and international gold prices have recently surged down. Especially in the United States, the CPI in June has reached a new high of nearly 41 years, which has continued to put pressure on international gold prices.

Li Yang, deputy manager of the raw material trading department of a jewelry and jewelry company in Beijing, told reporters that the demand for physical gold has increased. Combining with some factors of global consumption demand, gold prices may have a good performance at the end of the year.

Source: CCTV Finance

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