Group 1 - London gold prices have risen from $3,289.81 per ounce on July 31 to $3,394.32 per ounce by August 8, with a single-day increase of 2.21% on August 1 [1] - The Shanghai Gold Exchange issued a notice on August 8 emphasizing the need for market risk control due to various destabilizing factors, urging members to enhance risk awareness and maintain market stability [1] - The World Gold Council reported a 14% year-on-year decline in global gold jewelry consumption in Q2 2025, reaching 341 tons, the lowest quarterly demand since Q3 2020 [1] Group 2 - Chow Tai Fook's retail value decreased by 1.9% year-on-year for the three months ending June 30, 2025, with a 3.3% decline in mainland China and an 11.1% drop in sales volume [2] - The decline in gold jewelry demand has led to store closures, with Chow Sang Sang closing 122 stores in 2024 and Chow Tai Fook net closing 311 retail points in mainland China in Q2 2025 [2] - The World Gold Council noted that the ongoing weakness in gold jewelry consumption is prompting retailers to promote lighter weight products, which are priced per piece, enhancing profitability while offering consumers unique designs at more affordable prices [2]