Total Gold Sales In China Increased By 3 To 4 Times Over The Same Period Last Year.

< p > "half an hour ago, there were 3 500 grams of investment bullion, and now one question is sold out, and 20 days later there will be new ones."

Hangzhou's uncle Lu regretted.

Following the "May 1 gold rush week", these two days, many gold stores and gold stores in Hangzhou have ushered in a large number of people buying gold.

< /p >

< p > the price of gold investment gold in China has been released from 276 yuan per gram last Monday to 251 yuan / gram on Sunday, which has caused uncontrollable investors to launch.

The sales manager of Zhejiang gold flagship store in China said that along with the fall in gold prices, sales of gold bars and gold ornaments continued to rise. This month is in the middle of Qing Dynasty, with a discount of 20 yuan per gram of gold bars, so the total sales volume of gold is 3 to 4 times higher than that of the same period last year.

< /p >

< p > gold sales are also very popular in Lao Fengxiang, Zhou Dafu and other gold stores.

Tang Feng manager of Lao Fengxiang said that all kinds of investment gold bars are not in stock now, and they need to book 7 days in advance.

< /p >

< p > "there are also many customers who buy gold jewelry. A big sister Chen bought 2 30 grams of gold bracelets and a gold chain at one go."

Zhou Dafu Li manager revealed.

< /p >

< p > investment in gold bars by major banks is also very popular.

ICBC Yanan Road, a network staff revealed that in recent days, 20 grams, 50 grams of investment gold bars have been very few, 500 grams, 1000 grams and other large scale investment gold bars have been constantly booked.

< /p >

< p > since the beginning of April this year, gold has been falling all the way from 1610 US dollars / ounce, and since the end of June, the United States has made a clear decision to withdraw from the quantitative easing policy. The collapse has never stopped. Last Friday it even fell below the 1200 dollar / ounce integer mark, and the lowest level was 1180 US dollars / ounce, a three year low.

According to statistics, international gold prices have fallen by 38% this year.

< /p >

< p > industry insiders say Goldman Sachs, UBS, Deutsche Bank, Morgan Stanley and other international investment banks have sharply lowered the forecast of gold prices recently. The main reason is that the Federal Reserve has accelerated the pace of QE withdrawal and is expected to strengthen the dollar in the future, thus reducing the attractiveness of gold as a hedge against risk.

After the international gold price fell below 1200 U.S. dollars / ounce mark, the probability of further downloading of gold prices is still greater.

Experts predict that in the context of optimism in the US economic recovery prospects, the US dollar index will continue to rebound strongly, and the precious metals such as gold and silver will continue to be weak, and gold will not get much improvement in the short term.

< /p >