On August 6, Beijing time, many domestic gold and jewelry brands announced that the price of pure gold jewelry in China was around 1,300 yuan/gram, up more than 55 yuan from the previous day. The reason behind this price adjustment is that the price of gold as a raw material ushered in a rapid breakthrough after repeated shocks. On the same day, London spot gold continued to rise after rising more than 5% on the previous trading day, breaking through 4,300 US dollars/ounce during the intraday period. Spot gold on the Shanghai Gold Exchange also rose more than 2% for two consecutive trading days, breaking 935 yuan/gram on August 6. Industry insiders believe that in the long run, structural forces supporting gold prices still exist, but in the short term, gold prices are still in an iterative game with multiple influencing factors. The US non-farm payrolls data to be released on August 7 are still uncertain, and there is a risk that gold prices will fluctuate widely.

On August 6, Beijing time, many domestic gold and jewelry brands announced that the price of pure gold jewelry in China was around 1,300 yuan/gram, up more than 55 yuan from the previous day. The reason behind this price adjustment is that the price of gold as a raw material ushered in a rapid breakthrough after repeated shocks. On the same day, London spot gold continued to rise after rising more than 5% on the previous trading day, breaking through 4,300 US dollars/ounce during the intraday period. Spot gold on the Shanghai Gold Exchange also rose more than 2% for two consecutive trading days, breaking 935 yuan/gram on August 6. Industry insiders believe that in the long run, structural forces supporting gold prices still exist, but in the short term, gold prices are still in an iterative game with multiple influencing factors. The US non-farm payrolls data to be released on August 7 are still uncertain, and there is a risk that gold prices will fluctuate widely.