Core Viewpoint - Recent international gold prices have experienced a significant decline, with COMEX gold futures dropping nearly 4% over four consecutive trading days from July 23 to July 28 [1][3]. Price Trends - On July 28, the London gold spot price closed at $3,314.18 per ounce, down over $110 per ounce from the high on July 22 [3]. - Domestic gold jewelry prices have also decreased, with major brands seeing prices fall below 1,000 yuan per gram. For instance, Chow Sang Sang's gold price was 994 yuan per gram on July 29, down 35 yuan from the high of 1,029 yuan on July 23 [3][4]. Historical Context - In the first half of 2025, global conflicts heightened, leading to increased demand for gold as a safe haven, with the London gold price rising 24.31% compared to the beginning of the year [6]. - The average gold price for the first half of 2025 was $3,066.59 per ounce, reflecting a 39.21% increase year-on-year [6]. Market Influences - The recent decline in gold prices is attributed to a shift in investor preference for riskier assets, influenced by easing global trade tensions. Notably, a trade agreement between the U.S. and Japan was announced, reducing auto tariffs from 27.5% to 15% [7]. - The U.S. Federal Reserve's monetary policy discussions, particularly regarding interest rates, are also impacting gold prices. Analysts expect the Fed to maintain the federal funds rate target range at 4.25% to 4.50% during the upcoming meeting [8].
暴跌!四连跌!
Sou Hu Cai Jing·2025-07-30 15:32