news

"gold prices are going crazy again!" international gold prices hit a new high. can they continue to rise?

2024-09-14

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

original title: "gold price goes crazy again" is on the hot search! the international gold price hit a new high late at night, and the price of pure gold jewelry has reached 761 yuan per gram. some people have made 100,000 yuan in 9 months. can it continue to rise?

reporter zhang hong, editor cheng peng, zhang yiming

according to a report by chao news and qianjiang evening news on september 13, “congratulations, the big gold bracelet on your hand has appreciated in value again! gold prices have skyrocketed again, and it is another record-breaking day! gold prices hit new highs every year, but this year is especially high…” at around 11 o’clock in the evening on september 12, the owner of a gold shop in hangzhou looked at the soaring international gold prices and couldn’t help but post this in the customer group.

on the evening of september 12, the gold price suddenly rose sharply. on the evening of september 13, the international gold price continued to hit a record high. as of press time, london spot gold once hit $2,585.15 per ounce. as of press time, it was reported at $2,584.33 per ounce. comex gold futures rose to a maximum of $2,611.7 per ounce. as of press time, it was reported at $2,610.2 per ounce.

the market generally believes that the surge in gold prices was affected by the expectation of a rate cut in the united states. on september 12, local time, the u.s. department of labor released the latest ppi data for the united states. the data showed that the year-on-year growth rate of the u.s. ppi in august was 1.7%, a significant drop from the previous value of 2.2%. the core ppi in the united states in august rose by 2.4% year-on-year, the previous value was 2.40%; it rose by 0.3% month-on-month, and the previous value was revised from 0% to -0.2%.

at the same time, the european central bank, headquartered in frankfurt, germany, held a monetary policy meeting and decided to cut the deposit mechanism rate by 25 basis points to 3.50%, the refinancing rate by 60 basis points to 3.65%, and the marginal lending rate by 60 basis points to 3.9%. this is the second time the ecb has cut interest rates since it announced a rate cut in june this year.