Gold Jewelry Price per Gram Falls Nearly 550 Yuan This Year, Investment Demand Heats Up

[Gold Jewelry Price per Gram Falls Nearly 550 Yuan This Year, Investment Demand Heats Up] Affected by rising international crude oil prices, intensifying U.S. inflation pressures, and growing market expectations of further Fed rate hikes, international gold prices fell to a one-year low on October 30. As of the latest close, COMEX gold futures dropped 3.63% to $3,884.90 per ounce, while London spot gold fell 3.61% to $3,875.19 per ounce, with both breaking below the $3,900 mark. Following the decline in international gold prices, domestic brand gold jewelry prices were adjusted downward accordingly, with some brands' gold jewelry prices retreating nearly 550 yuan per gram from their year-highs. Analysts noted that due to multiple global uncertainties recently, gold prices have shown notable short-term volatility, prompting more investors to purchase gold investment bars. At Caibai Mall, a consumer purchased 5 gold bars, each weighing 30 grams, with one bar costing approximately 26,000 yuan. The consumer stated that when gold prices are relatively low, they consider making some financial investments. (CCTV Finance)