The world gold price has continued to strengthen in recent days. As of press time, the main April contract of the New York Mercantile Exchange (COMEX)** broke through the $2,100 ounce mark; Domestically, the main SHFE contract touched 498 yuan and approached the 500 yuan mark.
You Xiaogang, senior investment staff officer of Jufeng Investment Advisory, told the reporter that the primary factor affecting the trend of gold prices at that time was the deterioration of the U.S. debt situation, and the high U.S. debt was also an important factor in the upward trend. In addition, many analysts also believe that the weak trend of the world gold price this round is caused by various factors such as micro-level fluctuations and risk aversion in overseas shopping malls.
Rongzhi invested ** manager Xia Jing said that this round of world gold price trend is approaching a new high in the near future, and the big scene is that the Federal Reserve will open the interest rate cut cycle this year, and the shopping mall is repeatedly hyped around the rhythm of economic data to set contract interest rates, and it is not recommended that investors chase high.
Pay attention to the pace of the Fed's interest rate cuts
At that time, the pace of the Federal Reserve's interest rate cut was considered to be an important factor affecting the trend of gold prices, but many analysts interviewed by the reporter thought that the possibility of the Fed cutting interest rates beyond expectations was small, and the market was currently digesting the expectation that the Fed would delay in cutting interest rates.
For the recent rally, Jin Shi thought that it was stimulated by many events, and should rationally look at the rise in gold prices, and analyzed that at this stage, ** may still insist on shaking to digest the impact of the Fed's delay in cutting interest rates and the number of interest rate cuts is less than expected.
The Federal Reserve seeks to maintain financial stability, balancing the functioning of the economy with market expectations. Xia Jingjing told the reporter that the gold price at that time was included in more interest rate cut expectations, and it is expected that the future interest rate cut that exceeds expectations may be minimal, and it may only be a tentative interest rate cut in June.
You Xiaogang also thinks that the high level of U.S. debt is an important factor in the upward trend, and the dangerous removal of U.S. debt requires the return of dollars and continues to over-issue money, which will only exacerbate the scale of U.S. bonds to continue to rise, so the Fed will not easily open up to cut interest rates without showing a strong inflation fall.
In Xia Jingjing's view, judging from the divergence between ETF equipment and gold prices, the rise of ** is mainly driven by speculative forces in the market. The most important factor affecting the volatility of the market outlook is the pace of interest rate cuts by the Federal Reserve, and if the Fed only opens to cut interest rates in June, gold prices may fall after a short period of activity.
However, for the outlook of gold prices, industry insiders adhere to the bullish concept, Xia Jingjing also reminded that the property is easy to rise and fall under the big set of interest rate cuts, but the characteristics of high leverage have also gathered a lot of speculative funds, so they often go out of the larger deviation of the mean. Therefore, in terms of capital contribution, it is recommended that investors adhere to long-term equipment contribution, and it is not recommended to chase high.
**Jewelry listed companies have full potential to increase
In the context of high gold prices, customers' enthusiasm for ** jewelry is still there. According to the data of Jintou.com, a number of first-line brands and other products broke through the high level of 645 yuan.
On the afternoon of March 5, the reporter visited a number of ** stores in Beijing and found that although it was close to Women's Day and the sharp rise in gold prices, the preferential strength of various ** jewelry brands still insisted on a reduction of 20 yuan to 30 yuan. During the reporter's visit, the customer was not dissuaded, and some customers showed that the design of the jewelry at that time was now getting younger and younger, and there were many styles to choose from, and there was a function of value preservation together.
Chao Hongji said that the gold price continued to rise at that time, but the situation was still considerable, and the company will continue to increase its efforts to expand stores this year, and it is expected to plan to expand about 250 to 300 stores.
Together in the context of rising gold prices, there are ** listed companies that have begun to lay out repurchase affairs. According to the record table of recent investor contact activities in China, the company indicated that it will continue to deepen the layout of trade-in affairs, and recover the old gold to be processed by the company's essence factory to customers. In addition, the company will expand the establishment of repurchase stores from 2023, and enhance the influence of the brand in the repurchase mall after revitalizing the private **.
The reporter called my country's **funder**, and the staff told the reporter that the company's layout of ** affairs is mainly to improve the closed loop of *** service and enhance the ** experience. Together, in terms of recovery, the gold price repurchased by the company will be recovered in accordance with the best strategy of different brands, and the overall repurchased gold price will be lower than the benchmark pricing of the shopping mall.
In the view of Guochuang**, looking forward to 2024, a variety of factors may continue to support the high operation of gold prices, and ** is expected to continue to win the love of investors and customers as a safe-haven property. Together with this, the domestic leading jewelry companies have a high enthusiasm for opening stores, and under the superposition of the improvement of the first process and the rise of the national tide, it is expected that the domestic ** jewelry brands will increase their potential, and the industry may adhere to a better ** reflect.