Gold prices will still face great downward pressure next week.
The data shows that the US dollar index continues to be short, approaching 1 10 again. The exchange rate was bleak and precious metals also fell. The spot price of gold plummeted by more than 2% overnight, breaking through five important branches: 1700 USD/oz, 1690 USD/oz, 1680 USD/oz, 1670 USD/oz and 1660 USD/oz.
The sharp drop in the price of gold was mainly affected by the strength of the US dollar and the expectation of a sharp interest rate hike by the Federal Reserve. Since the beginning of this year, with the sharp interest rate increase by the Federal Reserve, the international gold price has fallen to a new low in the past two years. At the same time, the rise of the dollar has also put pressure on the price of gold, but the increasingly tough remarks of ECB officials have curbed the rise of gold prices. Some experts pointed out that in the context of the continuous interest rate hike by the Federal Reserve, gold prices will still face greater downward pressure next week.
"Whether it is raising interest rates by 75 points or 100 points, the impact on gold is relatively large. At present, the inflation data shows that the short-term pressure on gold will be very great. 1700 USD/oz support has been broken many times, which is estimated to be difficult to hold. In the short term, you still have to watch more and move less. " Some senior investors made the above analysis when the Fed raised interest rates sharply.
Gold stocks all fell to varying degrees.
What is the price of investment money compared with jewelry money? According to industry insiders, because there is no processing fee and design fee, the price of investment gold will be about tens of yuan cheaper than jewelry gold per gram.
In this regard, industry insiders said that the international gold price is different from gold jewelry, and the fluctuation range cannot be synchronized. The gold ornaments sold in gold shops include labor costs such as processing fees and design fees, and there is not much room for decline. However, with the international gold price situation, there will be some price fluctuations.
In addition, domestic gold jewelry is denominated in RMB, and the pricing of gold jewelry will also be affected when the exchange rate between gold price and US dollar changes. When trading gold, we should consider the general trend of international gold price and the fluctuation of the exchange rate between the US dollar and RMB.
For ordinary consumers, the short-term fluctuation of gold price may not be felt, but for listed companies in the gold sector, the fluctuation of gold price is a rapid and direct reflection in the secondary market.
On September 16, due to the double influence of the market and the falling price of gold, the share prices of many listed companies mainly engaged in precious metals and gold all fell to varying degrees, among which Hunan Gold (002 155) fell by 5.2%, Western Gold (60 1069) fell by 4.53%, and China Gold (60000) fell by 4.53%.
Q&A: How much is a gram of gold now? 202 1 202 1 year, about one gram of gold in 340 yuan. At present, the international gold price is basically maintained at about one gram of 340 yuan. The specific gold price of different gold shops will be different, such as Chow Tai Fook's gold is 354 yuan per gram, Zhou Shengsheng's gold is 353 yuan per gram, Old Temple's gold is 353 yuan per gram, Laofengxiang's gold is 349 yuan per gram, and Lukfook Jewelry is 354 yuan per gram. As the common currency metal of national gold, gold has the function of preserving and storing value, and its price is deeply influenced by the international economy. For example, the trend of the dollar, inflation and so on. For example, the trend of the dollar: when the trend of the dollar rises, the rise means that the dollar rises, and investors or speculators buy a lot of dollars, resulting in a decrease in the demand for gold and a decline in the price of gold; On the contrary, the dollar is falling, and the dollar is worthless. People have invested in gold, seeking advantages and avoiding disadvantages, which leads to the rise of gold price. : 1. Gold has always been something people like. Because of its preciousness, it was also used for currency circulation in ancient times. It can not only make headdresses and earrings, but also be used as our currency. 2. Every moment in the world, there will be local turmoil due to interests, competition for natural resources and other factors. They may lead to terrorist attacks and even wars. Both attacks and wars will lead to the loss of tangible assets, such as houses, cars and private fields. At the same time, the local currency will become rich and worthless because of the shortage of materials, which will lead to the devaluation of the currency. At this time, gold played a very important role as a currency to avoid risks. People with financial ability will convert money into gold in advance, and a large amount of gold exchange will make the price of gold rise. International gold prices will also rise. 3. Safe-haven assets represented by gold are worth investing as long as they are not used as the main investment tools, but as part of family assets. Appropriate allocation of some gold to maintain and balance risks can make the overall assets healthier. Since the trend of gold is generally negatively related to the global economy, no one wants to hedge when the economic situation is booming, so the allocation of gold assets can only account for 5%- 10% of the total investment.