5 thoughts on “The retail price of gold jewelry this year decreased by 20%compared with the highest price last year. Why?”

  1. The retail price of gold jewelry this year decreased by 20%over the highest price last year. "Recently, the price of gold has fallen. I think it is better to buy it in advance since buying." Ms. Xiao said that Golden Store is doing well now. When she went to the store to buy things, the counter was crowded. "At the end of March, the price of gold fell to $ 1,678/ounce, setting a new low in the past 11 months. At that time, the gold tide appeared, and some small -scale investment in gold bars even broke out." Said the person in charge of Guangdong Jindongfeng East Road Store. The reporter visited and found that the best -selling gold jewelry in major gold shops is mainly wedding gold jewelry and some zodiac jewelry. Zhu Zhigang, vice chairman and chief gold analyst of the Guangdong Gold Association, analyzed that at present, the consumption of gold jewelry is mainly due to marriage, but the sales of gold bars are relatively stable, and the supply of the factory has resumed stable.
    The reason is that "the price of gold is closely related to market interest rates." Wang Xinjie, chief investment strategist of Standard Chartered Bank China Wealth Management Department, analyzed that this year's interest rate environment is different from last year. For investors holding gold, the opportunity cost of holding gold has also increased accordingly, so the willingness to hold gold will be relatively decreased. As of the end of March, the 10 -year US Treasury yield has reached a high point of 1.76%.

    The director of the Gold Market Research Institute of Guangdong Southern Guangdong said that when reviewing the history of many years, gold has a lot to do with the fluctuations of the economic environment. From a macro perspective, the recent trend of gold prices has also been affected by economic recovery and global inflation. With the large -scale vaccination of new crown pneumonia vaccines in the world, some countries have gradually begun to obtain the motivation to repair the economy, which has boosted the expectations of the global economic recovery. Lito International Investment Information Analyst Li told reporters that in addition to the influence of fundamental factors on gold, "digital currency also stole funds that could have flowed into gold. When market risk aversion rose, investors would be more willing to buy Gold, but when the market speculation trends are obvious, investors will tend to digital currency. "In mid -March, the price of Bitcoin, one of the digital currencies, soared to more than $ 60,000, still at this high.

  2. The retail price of gold jewelry has been declining since it reached the historical highest price of 600 yuan per gram in August 2020. It has been slightly stable at about 470 yuan per gram, and the decline has indeed been more than 20%. Gold prices are closely related to market interest rates. The fluctuations of gold and the economic environment also have a great relationship. The recent trend of gold prices has also been affected by economic recovery and global inflation.

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