百利好丨金价，暴跌！国内金饰价格大幅下调

Core Viewpoint - International gold prices continue to decline, with London spot gold reaching a low of $3963.5 per ounce, the lowest since October 10, and currently quoted at $3971.9 per ounce [1] Group 1: Domestic Gold Jewelry Prices - Domestic brand gold jewelry prices have also seen a significant decline, with some brands experiencing a drop of over 20 yuan per gram in a single day. Specific price adjustments include: - Lao Miao Gold at 1192 yuan per gram, down 28 yuan - Chow Sang Sang at 1199 yuan per gram, down 24 yuan - Chow Tai Fook at 1198 yuan per gram, down 25 yuan - Lao Feng Xiang at 1202 yuan per gram, down 18 yuan [3] Group 2: Market Analysis - The current decrease in gold prices is attributed to a reduction in risk aversion and the market's gradual digestion of expectations for a Federal Reserve interest rate cut, leading to increased volatility in the precious metals market. Gold prices previously peaked at around $4380 per ounce before entering a technical correction, indicating an overbought market. The main drivers for the recent price increase included concerns over currency value and expectations of a looser Federal Reserve policy, attracting short-term capital inflows and pushing prices into the overbought territory. Despite this, gold prices have risen over 50% year-to-date due to ongoing global central bank gold purchases [3] Group 3: Technical Analysis - From a technical perspective, gold prices have broken through key support levels, with the next focus being the psychological level of $4000 per ounce. Recent holding data indicates a significant reduction in long positions, reflecting that some capital is exiting the market. In the absence of new risk events or clear policy signals, gold prices are expected to enter a phase of range-bound fluctuations [4]