金价波动引市场震荡，珠宝品牌金饰克价跌破千元正式进入三位数时代

Group 1: Current Market Performance - As of August 12, 2025, several well-known domestic jewelry brands have seen gold prices drop below 1000 yuan per gram, marking the entry into the "three-digit era" [1] - The current lowest price is from Zhou Shiliufu at 988 yuan per gram, with other brands like Lao Miao Huangjin at 1004 yuan, Zhou Dafu at 1008 yuan, and Zhou Shengsheng at 1010 yuan, reflecting a cumulative decline of over 4% from the July peak of approximately 1039 yuan per gram [1] Group 2: International Gold Price Trends - On August 11, international spot gold prices fell by 2.5%, dropping below 3350 USD per ounce, marking the largest single-day decline in nearly three months [2] Group 3: Reasons for Price Decline - The Federal Reserve's decision to maintain interest rates between 4.25% and 4.50% and signals of uncertainty regarding a September rate cut have weakened expectations for monetary easing [3] - A significant increase in the US dollar index, which rose by 1% over the week to reach a new high since May, has pressured gold prices denominated in dollars [3] - A decrease in safe-haven demand due to the EU and US reaching a trade framework agreement and a temporary easing of tensions in the Middle East has led to a reduction in geopolitical risk premiums [4] - Domestic gold jewelry consumption has plummeted by 26% year-on-year in the first half of the year, with high gold prices suppressing demand for weddings and other essential purchases [5] Group 4: Recommendations for Consumers and Investors - For essential consumers (e.g., weddings, gifts), it is advised to prioritize simpler designs with lower processing fees and to monitor wholesale markets for better pricing [6] - Investors are encouraged to consider dollar-cost averaging into gold ETFs to mitigate risks and to opt for bank gold bars with lower premiums, while avoiding high-premium traditional gold products due to their volatility [7] Group 5: Future Price Outlook - Short-term pressures on gold prices are expected to continue, influenced by the Federal Reserve's September policy decisions and the progress of US-China negotiations [8] - Long-term fundamentals remain intact, with global central banks increasing gold purchases by 14% year-on-year in the first half of the year, and ongoing debt risks supporting gold's safe-haven appeal [8]