Core Insights - The international spot gold price has strengthened, reaching a peak of $4,179 per ounce on October 14, indicating a bullish trend in the gold market [1][2] - Domestic gold jewelry prices, specifically from Chow Sang Sang, have increased to 1,213 RMB per gram, marking a rise of 400 RMB per gram within the year [1][2] - An expert from the Ministry of Industry and Information Technology suggests that the current high gold prices are supported by market consensus, but the stability is questionable, indicating potential volatility in the short term [1][2] Market Dynamics - The short-term outlook for gold prices shows upward momentum, while the long-term perspective suggests a potential peak followed by a decline [1][2] - The primary reasons for a possible decrease in gold prices include central bank sell-offs to stabilize local currencies and high prices leading to investor hesitation [1][2] - The expert notes that while a bull market does not signal an immediate peak, a peak will eventually occur, highlighting the cyclical nature of the gold market [1][2]
周生生金饰:克价涨至1213元,年内涨400元