Changchun thousand gold jewelry May lower prices _ gold 10 Yuan/g | | investments news

Reporter (reporter Wu Lijuan) since May, falling international gold movements, or 3.9%, for the biggest monthly drop since this year in particular last week decrease in 3.5%, for the biggest weekly drop since this year.

Yesterday, reporters visited more than gold jewelry stores and counters in Changchun City learned that now thousands of gold jewelry retail price of at least 263 Yuan/g, up to 320 Yuan per gram. Compared with the early May, thousands of gold jewelry a month to reduce the retail price of 10 yuan per gram.

Zhongjin gold jewelry trading center in Jilin province Yu Zizhen, Director of technology analysis, judging from various economic data, index to good, depress gold trends. United States the May manufacturing index was 56.4 points, better than the initial 56.2 points; China's official purchasing managers ' index for the manufacturing sector in May was 50.8 points, better than the 50.4 points in April; the eurozone's manufacturing purchasing managers ' index for June rose to a 16-month high of 48.8 points. Reflected in the international price of gold, the main contract last week-3.5%, and 3.9% May decline, is the biggest weekly decline in gold price since 2014 and monthly declines.

In addition to data suppressed gold, Yu Zizhen thought, United States for easing monetary policy ahead of the end of the predictions to the disadvantage of gold, after Ukraine while geopolitical factors to support gold, but too long to support diminished.

For the gold trend, Yu Zizhen thought subject to cost constraints would not crash, near may remain at $ 1200 per ounce Wednesday. Estimated gold, its lowest level this year is $ 1150/Oz, may emerge in the second quarter. "The unilateral hikes plunging trend does not occur, local volatile more modestly. "Yu Zizhen said.

In addition, many gold investors care about gold prices of financial products. Private wealth adviser in the Department, the agriculture Bank of Jilin province Liu Jianhua told Xinhua that investors buying financial products last year is very small and even huge losses, expected yields greatly reduced. International gold prices rising trend of the first two months of this year, the offering of financial products proceeds relatively optimistic. But in recent weeks, banks rarely release the gold wealth management products, grew in number, and the sale is not very good. For customers considering on the one hand, low yields on Bank bad reputation; in addition, shocks to the market is not conducive to gold financial product design.

Analysis of Liu Jianhua, international gold movements are less likely to fall in the second half, shocks should be off the market. If there is no special geopolitical factors supporting the Gold bull market is difficult to come.

(Original title: Changchun thousand gold jewelry months down 10 Yuan/g)

07:30 June 04, 2014 A new culture