Price Movement - Domestic gold prices have surged again, with an overall increase exceeding 10 yuan per gram, particularly notable at Laomiao Gold, which rose by 18 yuan per gram to reach 1183 yuan per gram, marking a new high for gold stores [1] - The price gap between the highest and lowest gold prices has widened to 120 yuan per gram, with Shanghai China Gold maintaining its price at 1063 yuan per gram, the lowest among major brands [1] Brand-Specific Pricing - Detailed pricing for various gold brands on October 11, 2025, includes: - Laomiao Gold: 1183 yuan per gram, up 18 yuan - Liufu Gold: 1180 yuan per gram, up 12 yuan - Chow Tai Fook: 1180 yuan per gram, up 12 yuan - Zhou Liufu: 1123 yuan per gram, down 5 yuan [1][3] - Other brands also showed price increases, with Jin Zun Gold at 1180 yuan per gram, up 12 yuan, and Lao Feng Xiang at 1172 yuan per gram, up 7 yuan [3] Platinum and Recovery Prices - Platinum prices have continued to decline, with Chow Tai Fook's platinum jewelry dropping by 19 yuan per gram to 641 yuan per gram [4] - Gold recovery prices have seen a slight increase of 3.4 yuan per gram, with varying recovery prices across brands, such as: - Cai Bai Gold: 906.20 yuan per gram - Zhou Sheng Sheng: 895.50 yuan per gram - Lao Feng Xiang: 913.70 yuan per gram [4] International Market Influences - The international gold market experienced fluctuations, with spot gold closing at 4018.09 USD per ounce, reflecting a 1.06% increase [6] - The rise in gold prices is attributed to heightened market risk aversion due to President Trump's tariff threats and ongoing U.S. government shutdown, alongside weak U.S. economic data that pressured the dollar index [6] - The preliminary consumer confidence index from the University of Michigan fell to 55, the lowest since May, further fueling concerns about economic slowdown and supporting gold price increases [6]

Market Performance - Major US stock indices closed lower due to weak non-farm employment data, reinforcing expectations for a Federal Reserve rate cut [1][2] - The Dow Jones Industrial Average fell by 0.48% to 45400.86 points, the S&P 500 decreased by 0.32% to 6481.5 points, and the Nasdaq dropped by 0.03% to 21700.39 points [1] - European indices also closed down, with Germany's DAX down 0.73%, France's CAC40 down 0.31%, and the UK's FTSE 100 down 0.09% [1] Employment Data - The US added only 22,000 jobs in August, significantly below the expected 75,000, with an unemployment rate of 4.3%, marking a 0.1 percentage point increase for the second consecutive month [2] - Job growth was primarily in the healthcare sector, which added 31,000 positions, while manufacturing, wholesale trade, and government sectors saw losses of over 10,000 jobs each [2] - Analysts suggest that tariff policy uncertainties are a major factor contributing to the labor market's weakness [2] Gold Market - International gold prices reached a new high, with COMEX gold futures rising by 0.92% to $3639.8 per ounce [3] - In August, gold ETFs saw a net inflow of $5.5 billion, mainly from North America ($4.1 billion) and Europe ($1.9 billion) [3] - The price of gold has increased by 31% year-to-date, driven by a weak dollar, geopolitical tensions, and continued inflows into gold ETFs [3] Oil Market - US oil prices fell sharply, with the main contract down 2.38% to $61.97 per barrel, and Brent crude down 2.06% to $65.61 per barrel [4][5] - The decline in oil prices is attributed to rising expectations of increased production from OPEC+ and concerns over economic recession [5][6] - OPEC+ is considering further increasing oil production to regain market share, having already raised output by approximately 2.5 million barrels per day since April [6]

Market Performance - Major US stock indices closed lower, with the Dow Jones Industrial Average down 0.48% at 45400.86 points, the S&P 500 down 0.32% at 6481.50 points, and the Nasdaq down 0.03% at 21700.39 points [1][2] - European indices also fell, with Germany's DAX down 0.73%, France's CAC40 down 0.31%, and the UK's FTSE 100 down 0.09% [2] Employment Data - The US Labor Department reported that non-farm payrolls increased by only 22,000 in August, significantly below the expected 75,000, with an unemployment rate of 4.3%, marking a 0.1 percentage point increase for the second consecutive month [4] - The healthcare sector contributed the most to job growth, adding 31,000 positions, while manufacturing, wholesale trade, and government sectors saw losses of over 10,000 jobs each [4] Gold Market - International gold prices reached a new high, with COMEX gold futures up 0.92% at $3639.8 per ounce, driven by concerns over global economic recession [6][8] - The World Gold Council reported a net inflow of $5.5 billion into gold ETFs in August, primarily from North America and Europe, while Asia experienced outflows [6] Oil Market - US oil prices fell, with the main contract down 2.38% at $61.97 per barrel, influenced by OPEC+ production increase expectations and economic recession fears [8][9] - OPEC+ is considering further increasing oil production to regain market share, having already raised output by approximately 2.5 million barrels per day since April [10]