不到半月跌近90元！黄金回收市场更“旺”！

Core Viewpoint - The recent volatility in gold prices has led to a significant increase in the gold recycling market, with prices dropping sharply and consumers becoming more cautious in their investment strategies [1][3]. Group 1: Gold Price Trends - The international gold price has experienced a rapid decline, with a drop of nearly 90 yuan per gram in less than half a month, and a weekly decline of over 3% as of October 28 [1][3]. - On October 28, the spot gold price fell below $3,900 per ounce, marking a significant downturn after reaching historical highs [1][3]. - The price of gold jewelry in the Shenzhen market was around 922 yuan per gram on October 28, down from nearly 1,010 yuan on October 17 and below 800 yuan in early September [1][3]. Group 2: Consumer Behavior - There has been a noticeable increase in gold recycling, with a month-on-month growth of nearly 15%, indicating cautious consumer sentiment despite the drop in gold prices [3][4]. - Retail sales of gold jewelry typically rebound during price drops, but the current trend shows a more pronounced increase in recycling activity [3][4]. Group 3: Brand Pricing Strategies - Major brands have begun to raise prices for gold jewelry, with some products seeing price increases of over 20% on platforms like JD.com and Tmall [3][4]. - Chow Tai Fook and other brands are expected to increase retail prices by 12% to 18% by the end of October, despite the recent decline in gold prices [3][4]. Group 4: Market Outlook - Analysts suggest that gold prices are likely to remain high and volatile in the short term, with historical patterns indicating potential for significant price corrections [5]. - Morgan Stanley and other institutions believe that the long-term upward trend in gold prices remains intact, supported by factors such as central bank purchases, geopolitical risks, and high sovereign debt levels [5].