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Gold jewelry prices fall back to the 7-digit range. Experts say that gold prices will pump again.
Jinshi data on December 20th, the price of jewelry gold returned to the "7" level. Among them, the prices of jewelry gold for Zhou Dafu, Chow Sang Sang, Laomiao Gold, Lukfook Jewelry, and Chow Tai Fook are 788 yuan/gram, 786 yuan/gram, 790 yuan/gram, 788 yuan/gram, and 788 yuan/gram respectively. Wu Zewei, a researcher at the ATP Financial Research Institute, told reporters that the sharp drop in gold prices on the 19th was mainly due to a significant cooling in expectations for further interest rate cuts by the Federal Reserve. However, the gold price is still in the rise channel, and from a medium- to long-term perspective, there is still considerable pump space. It is expected that the gold price adjustment will not last for a long time, and the temporary adjustment will rise again.