The price of branded gold jewelry exceeds 1,400 yuan per gram; precious metals analysts expect prices to gradually rise throughout the year.

May 1st saw the price of gold jewelry from domestic brands rising above 1,400 RMB per gram. On the same day, Chow Sang Sang quoted 1,415 RMB per gram for pure gold jewelry, Chow Tai Fook reached as high as 1,419 RMB per gram, and Lao Feng Xiang quoted 1,410 RMB per gram. According to analysis by Huang Ting, precious metals analyst at Shanghai Ganglian Lead & Zinc Information Department: In the short term, the geopolitical stalemate between the US and Iran persists, but a long-term easing remains highly probable, so short-term fluctuations in precious metal prices may not reach historically extreme levels. In the mid to long term, inflation and downward economic pressure, combined with de-dollarization and central bank demand for gold, provide clear support for precious metals, and prices are expected to gradually rise throughout the year.