Core Viewpoint - The price of gold is expected to remain in a high-level fluctuation due to recent developments in US-China trade negotiations and ongoing geopolitical tensions [1] Group 1: Market Reactions - On May 12, significant news regarding US-China trade negotiations led to a drop in international gold prices, with a decline exceeding 3% at one point [1] - Following the initial drop, gold prices rebounded and returned to a high-level fluctuation range, indicating ongoing market sensitivity [1] Group 2: Expert Insights - Professor Wan Zhe from Beijing Normal University highlighted that the US-China trade war has reached a critical turning point, suggesting a period of adjustment in US-China relations [1] - The decrease in uncertainty and instability expectations is likely to reduce risk-averse sentiment, which could lead to a decline or correction in gold prices [1] - However, ongoing international and geopolitical conflicts may still elevate risk-averse sentiment, contributing to the high-level fluctuation of gold prices [1]

Core Viewpoint - Recent fluctuations in gold prices have significantly impacted the retail gold market, with high prices suppressing consumer demand for gold jewelry and prompting a shift towards new product offerings and business models [1][2][3] Group 1: Market Impact - COMEX gold prices reached a historical high of $3509.9 per ounce on April 22, followed by a decline to $3330.2 per ounce by April 25 [1] - The high gold prices have led to a decrease in sales of heavier gold jewelry and ornaments, as consumers exhibit a wait-and-see attitude [1] - The high price volatility is seen as both a challenge and an opportunity for the gold retail industry, prompting a need for transformation and innovation [1][3] Group 2: Consumer Trends - There is a growing preference among consumers for lightweight gold jewelry, such as bracelets, pendants, and earrings, which are becoming popular among younger demographics [2] - The gold recycling market is also experiencing increased activity, with more consumers seeking to sell gold for cash [2] Group 3: Business Strategies - Companies are adapting to market changes by exploring long-term strategies, such as Zhou Dasheng Jewelry's announcement of engaging in gold forward trading and leasing to mitigate the impact of price fluctuations [2] - Some firms are leveraging technology, such as AI and big data, to enhance their gold recycling processes, offering quick and efficient services [2] - Collaborative product launches with popular IPs are being utilized to differentiate offerings, with companies like Chow Tai Fook and Zhou Dasheng introducing unique themed jewelry lines [3] Group 4: Industry Outlook - The high price environment is reshaping the competitive landscape of the gold retail market, requiring companies to be agile in responding to consumer demand changes and to integrate resources effectively to reduce costs and improve efficiency [3]