CHOW TAI FOOK(HK:01929) Sou Hu Cai Jing·2025-10-21 20:38Core Viewpoint - The domestic gold jewelry prices have significantly increased, with major brands announcing price hikes due to rising gold prices and raw material costs [1][5][18]. Price Increases - On October 21, the price of gold jewelry per gram reached 1294 CNY for Lao Miao, 1292 CNY for Chow Tai Fook, and 1290 CNY for Lao Feng Xiang, marking increases of 36 CNY, 30 CNY, and 32 CNY respectively from the previous day [1]. - Multiple brands, including Junpei and Lao Pu Gold, are set to raise prices again by the end of October, with Junpei's third price adjustment of the year occurring on October 31 [6][13]. Market Trends - A surge in A-share gold concept stocks was observed, with companies like Zhaojin Gold and Mankalon rising over 4% [3]. - Deutsche Bank reported that gold's share in global reserves has increased to 30%, while the dollar's share has decreased from 43% to 40% [3]. Future Price Predictions - Bank of America has raised its gold price target for 2026 to 5000 USD per ounce, with similar predictions from Societe Generale, citing increased demand from ETFs and central banks [3]. Consumer Reactions - Consumers have expressed concerns over the rapid price increases, with some reporting that items they ordered have seen multiple price hikes before delivery [10][12].