Recently, international gold prices have shown a Top Reversal. As of the close on May 2, COMEX Gold Futures were reported at $3,247.4 per ounce, a decrease of 7.48% from the peak of $3,509.9 per ounce on April 22. As a result, domestic jewelry gold prices have also adjusted downward. On May 5, CHOW TAI FOOK, Lao Feng Xiang, Chow Sang Sang, and Luk Fook Jewelry reported jewelry gold prices at 998 yuan per gram, falling back below the 1,000 yuan mark. (China News)
International gold prices are experiencing a Top Reversal, with jewelry gold prices falling below the 1,000 yuan mark.
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