How much is gold in Hong Kong? Analysis of the latest prices and market hot spots
Recently, gold price fluctuations have become the focus of global investors. As an important gold trading center in Asia, Hong Kong’s gold price trend has attracted much attention. This article will provide you with the latest price and market dynamics analysis of gold in Hong Kong based on the hot topics on the Internet in the past 10 days.
1. The latest price of gold in Hong Kong (as of November 2023)
| gold type | Price (HKD/two) | Price (RMB/gram) |
|---|---|---|
| 9999 pure gold | 18,920 | 486 |
| 999 pure gold | 18,850 | 484 |
| gold jewelry | 19,200-20,500 | 493-527 |
2. Main factors affecting gold prices in Hong Kong
1.International gold price trend: The current price of London gold has recently fluctuated in the range of 1,930-1,980 US dollars per ounce, which directly affects the price of gold in Hong Kong.
2.dollar exchange rate: The Hong Kong dollar is pegged to the U.S. dollar, and the U.S. dollar index has recently fluctuated between 106 and 107, affecting the U.S. dollar pricing of gold.
3.geopolitics: Tensions in the Middle East have boosted demand for safe havens, becoming a recent support factor for gold prices.
4.Fed policy: The market expects that the Federal Reserve may suspend interest rate hikes, reducing the opportunity cost of holding gold.
3. Recent hot topics in the gold market
| hot topics | heat index | Main discussion points |
|---|---|---|
| Gold consumption surges in China | ★★★★★ | Gold sales increased by 40% year-on-year during National Day |
| Panic buying spree at gold shops in Hong Kong | ★★★★ | The number of mainland tourists visiting Hong Kong to buy gold increases |
| Central banks continue to increase their gold holdings | ★★★★ | Global central banks purchased 800 tons of gold in the first three quarters |
| Gold ETF inflows | ★★★ | Global gold ETF outflows ended for six consecutive months in October |
4. Comparison of latest quotations from major gold banks in Hong Kong
| Gold bank name | 9999 gold price (HKD/two) | Manual fee |
|---|---|---|
| Chow Tai Fook | 19,150 | 18%-25% |
| Chow Sang Sang | 19,080 | 15%-22% |
| Lukfook Jewelry | 19,020 | 16%-20% |
| Xie Ruilin | 18,950 | 14%-18% |
5. Investment suggestions and precautions
1.Pay attention to the international situation: Geopolitical risks are still a key variable affecting gold prices, and investors are advised to pay close attention.
2.Diversification: It is recommended that the allocation ratio of gold in the investment portfolio be controlled at 10%-15%.
3.Purchase channel selection: Hong Kong Gold Bank has a good reputation, but you need to pay attention to the labor costs and after-sales service.
4.Exchange rate risk: Fluctuations in the exchange rate between RMB and Hong Kong dollars will affect the actual purchase cost, so it is recommended to choose an appropriate time to exchange.
5.long term holding: Gold is more suitable as a long-term store of value, and short-term speculation is more risky.
6. Forecast of future trends
Most institutions believe that with the Federal Reserve's interest rate hike cycle coming to an end and geopolitical risks continuing, gold prices are expected to maintain a volatile upward trend. It is expected that in the fourth quarter of 2023, the price of gold in Hong Kong may fluctuate in the range of HK$18,500-19,500/two.
The Hong Kong Gold and Silver Trade Center predicts that as Chinese traditional festivals approach, gold consumer demand will further increase, which may support gold prices. Investors can pay attention to the U.S. non-farm payrolls data released on the first Friday of each month, which is usually an important indicator that affects the short-term trend of gold prices.
(Note: The above data is for reference only. The actual price is subject to the market quotation of the day. Investment is risky, so be cautious when entering the market.)
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