多家珠宝店节前涨价

Core Viewpoint - The price of gold has reached a historical high of $3,800 per ounce, marking a cumulative increase of 45% this year, outperforming all other major asset classes and achieving the largest annual increase since 1979 [1] Price Adjustments by Jewelry Brands - Domestic jewelry brands have raised the prices of gold jewelry, with the price of 24K gold jewelry surpassing 1,100 yuan per gram. Major brands like Chow Tai Fook, Chao Hong Ji, and Chow Sang Sang have initiated price hikes [4] - Chow Tai Fook announced that its gold products will see price increases starting in October, with some popular items potentially rising by 30% to 40%. This marks the second price adjustment for the brand this year, following a previous increase of 10% to 20% in March [4] - Chao Hong Ji has adjusted the prices of its gold jewelry, with price increases ranging from 200 to 500 yuan for items weighing around 1 gram. The adjustments are based on gold market trends and the company's marketing strategies [5] - Chow Sang Sang has also raised prices for its gold jewelry by 100 to 500 yuan, with variations depending on the style [5] - Lao Pu Gold was the first to announce a price increase, set for August 25, 2025, following a previous adjustment in February with a price increase of approximately 5% to 10% [5] - Bao Lan has announced a price adjustment effective September 28, with an average increase exceeding 15%, marking its second price hike this year [6] Market Dynamics and Investment Trends - The recent surge in gold prices has attracted significant global investment, with SPDR increasing its holdings by 18.9 tons on September 19, 6.01 tons on September 22, and 8.87 tons on September 26, bringing total holdings to 1,005.72 tons [8] - Bank of America reported a $5.6 billion inflow into the gold market last week, with a total of $17.6 billion flowing into gold over the past four weeks, setting a record [8] - Despite warnings of gold being in an "overbought" state, Bank of America maintains a bullish outlook on gold prices, indicating expectations for continued increases [8] - Analysts suggest that there are no true substitutes for gold to hedge against U.S. risks, and central banks are expected to continue purchasing gold due to the lack of alternatives to the U.S. dollar [9] - Deutsche Bank has raised its 2026 gold price forecast by $300 to $4,000 per ounce, while Barclays analysts believe gold is not overvalued compared to the dollar and U.S. Treasury bonds [9] - The U.S. dollar has declined by 9.7% since the beginning of 2025, primarily due to concerns over the Federal Reserve's independence and trade war prospects, which has fundamentally increased the value of gold priced in dollars [9] - The current rise in gold prices is attributed to lower yields on dollar-denominated assets due to interest rate cuts, a weaker dollar enhancing gold's appeal, and ongoing geopolitical tensions in the Middle East driving market risk aversion [9]