Gold prices plummeted

According to CCTV Finance on the 23rd, there is no sign of further escalation of the conflict between Israel and Iran, the market risk aversion has cooled significantly, coupled with the market is generally expected that the Federal Reserve will postpone interest rate cuts, U.S. bond yields have recently rebounded rapidly, and international gold prices fell sharply on the 22nd, down nearly 2.8%, the largest one-day decline since early February last year.

According to China Fund News and other news, gold futures on the New York Mercantile Exchange fell 3.01% to $2,341.1 an ounce, the biggest one-day decline since June 2022, and silver futures fell 5.58% to $27.235.

Spot gold fell nearly 3% at one point to as low as $2,324.55 an ounce, the biggest one-day drop in nearly two years. Spot silver fell more than 5% to $27.18 an ounce.

On the morning of the 23rd, Beijing time, the A-share precious metals sector was also green across the board, as of press time, Zhongrun Resources fell more than 6%, Hunan silver, Sichuan gold fell more than 5%, Yulong shares, Yintai gold, Shandong gold, western gold, Hunan gold, etc. fell more than 4%.

Domestic gold prices also ushered in a pullback, and the retail gold prices of many jewelry brands were lowered by about 14 yuan, such as Chow Tai Fook, Mancaron and other brands, which were listed at 733 yuan/gram on the 22nd and adjusted to 719 yuan/gram on the 24th

Source: CCTV Finance Hubei Daily Editor: Li Chensi Review: Li Feng The copyrights of the pictures, texts, audio and video in this article belong to the original author, if there is any violation or infringement, please contact us, we will deal with it as soon as possible