2 1 Shi Ji Jing Ji Bao Dao·2025-12-30 05:10Core Viewpoint - The recent significant drop in gold jewelry prices among major domestic brands is attributed to a sharp decline in international gold prices, marking a rare and substantial correction after a year of rising prices. Price Movement - On December 30, major gold jewelry brands such as Chow Tai Fook, Lao Feng Xiang, and Lao Miao all saw price drops exceeding 40 yuan per gram, with Chow Sang Sang experiencing a drop of over 50 yuan per gram [1] - The gold price for major brands on December 30 includes: - Chow Tai Fook: 1363 yuan/gram, down 42 yuan - Chow Sang Sang: 1353 yuan/gram, down 53 yuan - Lao Feng Xiang: 1363 yuan/gram, down 45 yuan - Six Fortune Jewelry: 1361 yuan/gram, down 42 yuan [2][3] Market Influences - The price adjustment in gold jewelry is primarily influenced by a significant drop in international gold prices, which fell over 200 USD in a single day on December 29, reaching a low of 4301.79 USD per ounce, a decline of 4.42% [3] - Other precious metals such as silver and platinum also experienced notable declines during this period [3] Trading Regulations - The rapid increase in precious and industrial metal futures prices has led to heightened volatility risks, prompting the Chicago Mercantile Exchange to raise margin requirements for trading metals, effective after the close of trading on the following Monday. Gold futures margin will increase by 10%, silver by approximately 13.6%, and platinum by 23% [3] - This increase in margin requirements is expected to significantly raise the cost of speculative trading, leading some investors to liquidate positions before the new rules take effect, resulting in multiple rounds of price declines in international metal futures on December 29 [3] Market Sentiment - Analysts indicate that the recent price correction is driven by technical and liquidity factors rather than a fundamental shift in the long-term outlook for precious metals. Despite the short-term market sentiment being under pressure, the bullish drivers for gold remain intact [4] - UBS has raised its gold price target for the first three quarters of 2026 to 5000 USD per ounce, with an expectation that prices will retreat to 4800 USD per ounce by the end of 2026, higher than previous forecasts [4]