Gold Price Declines Fifth Times During The Year, And Gold Price Falls.

< p > with the Federal Reserve's statement that it may begin to reduce quantitative easing at the end of this year, the international gold price has plummeted yesterday, and the price of gold ornaments for more than a month has come down again.

Early yesterday, Beijing's major gold stores lowered gold prices, dropping 6 yuan per gram, which is the fifth time this year the price of gold jewelry has been lowered.

< /p >

< p > < strong > international gold price plummeted and innovation low < /strong > < /p >

Yesterday, after the end of the monetary policy meeting of the Federal Reserve, the US dollar index strengthened significantly, while spot gold was sold by the market. New York gold price once fell below the US $1300 mark, or nearly 6%, a 33 month low.

< /p >

Ning Caigang, senior gold investment analyst at P, said that the Fed said it would maintain the benchmark interest rate and the monthly asset purchase scale unchanged, and raised the 2014 economic growth assessment and lowered the unemployment rate. Then it pointed out that asset purchases might be reduced later this year.

The Fed's gradual easing of quantitative easing concerns raised the US dollar's rise again and stimulated the relatively quiet gold market since mid May.

Jiao Guangyi, deputy general manager of sun Jindian, believes that the main reason for the fall in gold prices is that the US economic data have improved, and the market has judged that the possibility of continued quantitative easing in the US is unlikely.

< /p >

< p > < strong > Gold declines fifth times during the year, < /strong > < /p >

< p > with the sharp fall in international gold prices, yesterday, the price of gold jewelry was reduced by the price of gold, which was reduced to 359 yuan per gram, 363 yuan per gram per thousand grams, and the price of ornaments dropped from 415 yuan per gram to 399 yuan.

Beijing sun gold shop thousands of gold jewelry price reduced to membership price of 356 yuan per gram, jewelry gold bar membership price fell to 351 yuan per gram.

Chinese pawnshop gold pawn cash and pawn financing prices fell 7 yuan / gram, down to 245 yuan / gram and 225 yuan / gram respectively.

"This is also the fifth time since 2013 that the price of gold jewelry has been lowered, and the cumulative decline of this year has reached 46 yuan per gram."

Sun Jindian deputy general manager Jiao Guangyi said.

< /p >

< p > in addition, compared with the first half of the festival, Jindian sales gradually entered the summer off-season, and businesses also held preferential activities.

It is reported that this weekend, the sun Jindian in addition to the gold price reduction, platinum, palladium jewelry 10 yuan per gram, silver jewelry 8 discount promotions.

Guohua shopping center will also carry out large-scale promotional activities by "33rd anniversary celebration" in early July.

< /p >

< p > < strong > expert advice < /strong > /p >

< p > < strong > can consider a small amount of purchase < /strong > < /p >.

< p > for the late gold price trend, Jiao Guangyi, deputy general manager of sun Jindian thinks that the consumers who are ready to invest in gold can consider buying a small amount of money. After all, it is also a low price in the last two years.

"But at the moment, it is more likely that the United States will stop implementing quantitative easing policy, which will suppress the price of gold and investors need to take risks into account."

< /p >

< p > for consumers who buy gold jewelry, Jiao Guangyi suggested that they should not pay too much attention to the change of international gold prices or to the actual demand.

"This year, gold prices continue to decline, for consumers who buy gold jewelry is a better opportunity."

< /p >