Recently, the international gold price has risen continuously, hitting a new high in nearly 10 years. Affected by this, the domestic gold market has also witnessed a boom. It is reported that a couple in Guangzhou purchased more than 700000 yuan of gold products at one time.
According to Dai Chongye, manager of Guangzhou Dongbai Business Department, the couple are their regular customers and often come to buy investment bullion. On the morning of the 17th, they came to the store again and immediately took a fancy to several large investment bars. After learning about the gold price on that day, they did not hesitate to place an order.
"They bought a total of 6 investment gold bars of 1000 grams and 2 investment gold bars of 500 grams, totaling more than 688000 yuan." Dai Chongye said, "This gentleman hasn't forgotten to buy three ancient hard gold bracelets for his wife, and he spent another 49000 yuan. In this simple way, the couple purchased more than 700000 yuan of gold this time."
Dai Chongye said that these two customers are relatively senior investors and have their own judgments and strategies in the gold market. "They believe that now is a good time to start with gold because the price of gold will continue to rise in the future," he said.
In fact, under the influence of factors such as the volatile international situation, the global economic downturn, and currency depreciation, more and more people are turning their attention to gold as a safe haven asset. Zhu Zhigang, Vice President and Chief Gold Analyst of the Guangdong Gold Association, analyzed and said, "The current international situation is complex and volatile, and central banks around the world have adopted accommodative policies to address the crisis. This has led to positive factors such as global liquidity surplus, rising inflation expectations, and a weakening US dollar index, which are driving gold prices higher."
Zhu Zhigang believes that there is still room for international and domestic gold prices to rise in the future. "From a technical point of view, the current international spot yellow price has broken through the $1800/oz threshold and is firmly above that level. It is expected that the future market will enter a volatile upward trend." He said, "From a fundamental perspective, against the backdrop of the global epidemic that has not yet been effectively controlled, economic recovery in various countries remains uncertain, and geopolitical risks still exist, the demand for risk aversion remains strong. Therefore, it is recommended that investors can make a bargain hunting layout."