Gold breaks below 3900 dollars as COMEX futures fall 3.63%; China jewelry prices ease
Briefing by News4U · First published
In a News4U market summary, Sina Finance said international gold fell to a one-year low on Oct. 30 amid higher crude oil prices, U.S. inflation pressure and rising bets on further Federal Reserve rate hikes; at the latest close COMEX gold futures fell 3.63% to 3884.90 dollars an ounce and London spot gold fell 3.61% to 3875.19 dollars an ounce, both breaking below the 3900-dollar mark. Domestic brand jewelry prices moved lower in tandem, with some brands about 550 yuan per gram below yearly highs, while a Shenzhen Shuibei retailer said sales roughly doubled versus the prior month and another said overall sales rose 30% to 40%; spot silver was around 53 dollars an ounce as of Oct. 29 after falling more than half since late January from an intraday peak of 121.79 dollars. [1]
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- 金饰克价年内跌了近550元！大金镯子又香了
Sina Finance · · Full text