1, the international gold price has dropped from 1700 to around 1400, and the price of gold ornaments has dropped to around 350 yuan, so it is estimated that it is difficult to fall any further. In addition to the expected gold price, the price of gold ornaments also has various costs. The gold shop needs to make a profit, and it is difficult for the gold price to fall below 300 yuan again.

2. The epidemic situation abroad is still very severe. Central banks cut interest rates, the world economy is not optimistic, and stock market oil prices fall. Due to many factors, the safe-haven function of gold has greatly increased the price of gold, so the price of gold will not fall in the short term, and the possibility of falling below 300 yuan is even lower.

Extended data:

The price of gold is calculated by weight. There are several weighing methods in precious metals and gemstones market. The most commonly used system is the troy system, and one troy ounce is about 31.10g; An ounce is about 28.35 grams.

This price is the dollar price per ounce of gold. The rise in the price of gold will affect the currency prices of some countries. There are many factors that affect the price of gold, such as: international politics, economic exchange market, interest rates and monetary policies of major European and American countries, the increase or decrease of gold reserves of central banks, the increase or decrease of gold mining costs, the increase or decrease of jewelry gold, etc.

According to these factors, investors can make a relatively basic judgment and grasp of the trend of gold prices.

Baidu encyclopedia-gold price