Group 1 - Domestic gold jewelry demand has been under pressure, decreasing by 32% year-on-year in Q1 due to high gold prices, reduced consumer demand, and a decline in the number of retail gold stores [1][3] - The average price of gold jewelry in major retail stores has dropped below 1,000 yuan per gram, with notable reductions in prices from brands such as Chow Sang Sang and Chow Tai Fook [1] - Despite the decline in gold jewelry demand, total consumer spending on gold jewelry remains relatively stable, with a slight year-on-year decrease of 7%, amounting to 841 billion yuan (approximately 115 billion USD) [3] Group 2 - Investment demand for gold bars and coins has surged to 124 tons, marking a 48% increase quarter-on-quarter and a 12% increase year-on-year, driven by high gold prices and increased risk aversion due to U.S.-China trade tensions [3] - Analysts predict that gold prices may face further downward pressure in the short term, with a forecasted price adjustment to 3,150 USD in the next three months, while maintaining a year-end target of 3,600 USD [3] - The World Gold Council attributes the decline in gold jewelry consumption to high prices leading consumers to adopt a wait-and-see approach, as well as a shift towards smaller, more affordable gold products [3]
金价震荡回落,多家品牌金店足金报价重回9字头
Di Yi Cai Jing·2025-05-13 04:35