On the morning of March 23, domestic gold prices quickly fell below 1,000 yuan. As of the time of publication, it was reported at 982.78 yuan/gram, with a daily decline of over 4%.
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As of 9:45, the gold ETF ChinaAMC (518850) fell by 4.53%, the gold stock ETF (159562) fell by 4.36%, and the non-ferrous metal ETF fund (516650) fell by 2.46%.
This morning, multiple brands adjusted the prices of their gold jewelry. Lao Miao Gold's gold jewelry was reported at 1,363 yuan/gram, down 50 yuan from the previous day's 1,413 yuan/gram. Chow Tai Fook, Luk Fook Jewelry, and Chow Hong Ki's gold prices all fell below 1,400 yuan/gram.
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In the past week, international gold prices experienced a cliff-like drop. As of March 21, Beijing time, the London gold spot price fell below the critical threshold of 4,500 USD/ounce, with a weekly decline of 10.49%, marking the largest single-week drop since March 1983.
Analysts pointed out that the main reason is that the market trading focus has shifted from &#34;geopolitical risk aversion&#34; to &#34;inflation expectations and monetary policy games.&#34; The recent conflict in the Middle East ignited the oil market, which quickly triggered strong concerns about the resurgence of global inflation.
In the face of potential &#34;stagflation&#34; risks, central banks of major global economies may need to reassess their monetary policy paths. Currently, the CME Group's FedWatch tool shows that the market expects the probability of the Federal Reserve cutting interest rates this year to be less than 10%, and there may even be an interest rate hike, which enhances the attractiveness of interest-bearing assets like bonds, while the non-interest-bearing gold becomes less attractive. Meanwhile, the recent strengthening of the U.S. dollar index has suppressed gold purchasing demand, putting downward pressure on gold prices. Data shows that since the outbreak of the conflict, international gold futures prices have cumulatively fallen by about 13%.
Shanghai Gold Exchange: Notice on Risk Control Work in the Recent Market
Today, the Shanghai Gold Exchange issued a notice stating that there are many factors affecting market instability recently, and the volatility of precious metal prices has significantly intensified. All member units are requested to closely monitor market changes, refine and implement risk emergency plans, and maintain stable market operations. At the same time, investors are reminded to take precautions against risks, reasonably control positions, and invest rationally.
Chengshi Interactive · Urban Daily Comprehensive Report
Editor: Cheng Jiayi
Reviewed by: Mao Di, Wang Chenyu
Proofread by: Ye Qin

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On March 23, domestic gold prices quickly fell below 1,000 yuan, reporting 982.78 yuan/gram, with a daily decline of over 4%. Gold ETFs and related stocks also experienced a drop. International gold prices similarly plummeted, with the London spot price falling below 4,500 USD/ounce, marking a weekly decline of 10.49%. Analysts pointed out that market focus has shifted to inflation expectations and monetary policy, with a stronger US dollar further suppressing gold prices. The Shanghai Gold Exchange issued a notice reminding member units to pay attention to market risks and prepare emergency plans

腾讯新闻 - 财经

Direxion Daily Jr Gold Miners Bull 2X

Roundhill Gold Miners Weeklypay ETF

China Southern Shanghai Gold ETF

Kinross Gold

Direxion Daily Gold Miners Bear 2X

VanEck Gold Miners ETF

Abrdn Gold ETF Trust

SD-GOLD

YieldMax Gold Miners Opt Inc Strgy ETF

HS GOLD ETF

ChinaAMC Gold ETF

FL2CSOPGOLD

Gold.com

Direxion Daily Gold Miners Bull 2X

VanEck Junior Gold Miners ETF

Agnico Eagle Mines

iShares Gold Trust

EFUND GOLD MI-R

GLOBAL X Gold Explorers

Newmont

ZHONGJIN GOLD

EFUND GOLD MI ETF

EFUND GOLD MI-U

iShares MSCI Global Gold Miners

Pro Ultr GLD

Us Gbl GLD & Met

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Zijin Mining

Sprott GLD Miners Etf

SPDR Gold Shares

GraniteShares Gold Trust

Domestic gold prices have fallen below 1,000 yuan! The Shanghai Gold Exchange has issued the latest notice