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Today is August 1, 2024, and there is a change in the price of gold today
First of all, let's look at the gold prices of major brands, on August 1, 2024, the prices of gold jewelry in major brand gold stores have changed somewhat. Now, the price of gold jewelry is around 590 yuan to 730 yuan per gram, the price of bank gold bars is 578 yuan per gram, and the price of silver is 7 yuan per gram.
Specifically, today's gold price situation is as follows: Chow Tai Fook, Chow Tai Sang, Chiu Wang Kei, Liuliu Fook and Luk Fook Jewellery are all selling for 728 yuan per gram, and Tse Sui Lun is also selling at 728 yuan per gram.
Chow Sang Sang is slightly higher, at 730 yuan per gram; The price of gold in China is 706 yuan per gram, and the price of gold today is 727 yuan per gram.
In contrast, the price of Shuibei gold is cheaper, at 564 yuan per gram; The price of Laomiao gold is about the same as most brands, also 728 yuan per gram, and the gold price of Caibai is slightly lower, at 705 yuan per gram.
These price fluctuations change daily, and you can choose to buy according to your needs and budget. Whether you're buying gold jewellery or investing in gold bars, understanding these offers can help you make a better decision.
Looking at today's gold recycling price market, on August 1, 2024, today's gold recycling price was released. Now, the recycling price for gold is $552 per gram, platinum is $202 per gram, palladium is $186 per gram, and silver is $5.9 per gram.
These recycling prices may fluctuate as the market changes. If you are planning to sell your gold, platinum or other precious metals, you can refer to these latest quotes.
Understanding the real-time market and choosing the right time to make a move may allow you to get better returns. Whether you're sorting out old jewelry or dealing with investment metals, staying on top of current recycling prices can help you make an informed choice.
In addition, the changes in the international gold price are also more obvious, and the ADP employment data for July in United States is out, showing that the number of new jobs is only 122,000, far lower than market expectations, which indicates that the labor market is slowing down significantly. As a result, the dollar index and United States Treasury yields fell, while international gold prices began to rise.
The market generally believes that the Fed will most likely choose to stay put, keep the current interest rate unchanged, and the benchmark interest rate will remain between 5.25% and 5.5% at tonight's policy meeting. Amid the weaker-than-expected employment data, the market's expectation that the Fed will not raise interest rates is firmer.
So far, the international price of gold has risen to $2,425 per ounce, platinum at $975 per ounce, palladium at $928 per ounce and silver at $28.7 per ounce. Meanwhile, in Hong Kong, the price of gold is HK$22,508 per tael, while the price of gold in China is HK$564 per gram.
These price movements suggest that the safe-haven demand of investors is rising as economic uncertainty increases, making precious metals such as gold more attractive. The market is closely watching the Fed's decision to adjust its investment strategy for the next step.
Today's whisper
The rise and fall of the gold price, like the ups and downs of life, always shows its essence in constant change. Just as the market is volatile, life is also a journey full of unknowns.
In the face of change, what we need to do is not fear or avoidance, but to respond calmly and seize every opportunity. Finding balance in fluctuations and finding opportunities in changes is the choice of wisdom.
What do you think about the change in the price of gold today? Welcome to the lively discussion, thank you for your support!
The gold prices listed in this article are based on gold price reports to ensure that the information is true and reliable, and is not misleading. Looking at it rationally, we are committed to disseminating objective and unbiased information. If there is any infringement, please notify us immediately, and we will remove the relevant content in a timely manner. Thank you for your supervision and support.