The price of gold jewelry has dropped by nearly 550 yuan this year, fueling investment in gold.

Affected by factors such as the rise in international crude oil prices, intensified inflationary pressure in the United States, and increased market expectations for further interest rate hikes by the Federal Reserve, international gold prices fell to a new one-year low on October 30. As of the latest close, COMEX gold futures fell by 3.63% to $3,884.90 per ounce; spot gold in London dropped 3.61% to $3,875.19 per ounce, both breaking below the $3,900 threshold. Influenced by the decline in international gold prices, domestic branded gold jewelry prices have been adjusted downward simultaneously, with some brands' gold jewelry prices having fallen by nearly 550 yuan per gram from the year's high. Analysts noted that, impacted by multiple global uncertainties recently, gold prices have become noticeably volatile in the short term, leading more investors to purchase gold investment bars. At Caibai Mall, a consumer bought five gold bars, each weighing 30 grams and costing about 26,000 yuan per bar. The consumer stated that when gold prices are relatively low, there is an intention to make some financial investments. (CCTV Finance)