The price of gold hit another record high, and some people quickly realized it and some people waited and saw.

Recently, international and domestic gold prices have been rising, some people choose to wait and see, and some people quickly realize it. At the same time, some banks can’t sit still.

On March 6th, China Construction Bank announced that since 9: 10 on March 7th, 2024, Beijing time, the starting amount of the bank’s personal gold accumulation business (including daily average accumulation and optional day accumulation) has been raised from 500 yuan to 600 yuan. CCB said that it will continue to pay attention to the changes in the gold market in the future and adjust the above starting amount and limit in a timely manner.

Consumers make inquiries and spend money in gold shops. (Image courtesy of CNSPHOTO)

What are the tricks of gold accumulation?

Accumulation fund is a kind of gold investment product. According to the introduction of CCB, the term "gold accumulation" as mentioned in this method means that financial institutions open gold accounts for customers according to the agreement with customers, and record the debt business in which customers deposit a certain amount of gold in a certain period of time. The minimum business unit of gold accumulation products is 1 gram. Within the business processing time specified by CCB, individual customers can buy gold accumulated shares from CCB and deposit them in the gold accumulated account by means of regular accumulation or active accumulation, and the accumulated shares can be redeemed or exchanged for physical precious metal products.

China Business Daily reporter found that some commercial banking businesses, such as CCB and ICBC, all include the accumulated fund business. At present, other banks except CCB have not adjusted their gold accumulation business yet.

However, on March 1st, ICBC official website issued a document saying that according to the Notice of Shanghai Gold Exchange on Adjusting the Margin Ratio of Some Contracts and the Price Limit Board on February 29th, 2024 and the bank’s risk control requirements, the margin ratio of gold and silver deferred contracts for corporate clients was adjusted.

On March 5, the Shanghai Gold Exchange issued a document saying that the study decided to adopt a series of preferential measures for handling fees.

On the knowledge question and answer of the accumulated gold business, ICBC said that because the amount of each investment is fixed, the actual amount of accumulated gold purchased varies with the fluctuation of the gold price, and the gold price accumulates when it is high, and accumulates when it is low. Therefore, long-term fixed-term investment can share the cost of holding gold equally, and better dilute the price risk caused by short-term sharp fluctuations in gold prices.

Some people realize that some people are watching.

Recently, the price of gold hit a record high, and some people realized it quickly.

On March 5, Coke (a pseudonym) sold 63 grams of gold. The recycling price per gram is 497 yuan, and it is 31311 yuan. "I have been hoarding all kinds of small gold bars in 5 grams and 10 grams. I bought it from 395 yuan/gram at the earliest, and bought 6 grams at the highest price of 480 yuan, and realized it first when the price of gold rose. " Coke said.

"Recently, the amount of gold recycling is particularly large. I received seven online recycling orders this morning. Among them, the largest single recovered 300 grams. According to the recovery price of 487 yuan/gram, the customer realized a total of 146,000 yuan, and the gram price when the customer bought it was more than 350 yuan. " On March 7, when the reporter consulted as a gold customer, a gold recycling shop owner said so.

Some people choose to temporarily avoid the edge of the gold price because it is too late to get on the bus at this time.

Jun Jun (pseudonym), who has been paying attention to the price of gold for a long time, said: "At the end of February, I wanted to buy a 100-gram bracelet, and the price of gold was 500 yuan/gram. As a result, when I locked the bill and asked my husband to pay for it, it immediately showed that it was out of stock. In just a few days, the price of gold has soared and can only wait. "

The reporter noted that recently, in order to promote the trade-in of gold jewelry, some gold brand stores have launched some preferential activities.

On March 6th, Xiao Yu (pseudonym), who works in Beijing, received a message from the customer service of a gold brand store: "Only on March 6th, the old gold can be exchanged for a new one according to the gold market price of that day."

"Old gold is also calculated according to the market price of the day, which is actually quite attractive. I went to buy a gold ring and added 3 grams to the original old gold ring. " Xiao Yu said.

"In August last year, I bought a 20-gram gold bracelet in a head gold jewelry brand store. At that time, I clearly remember that the staff said that if they bought a larger gram in the future, they only needed to make up the price of more than 20 grams, and there was no need to make up any manual fees. I want to buy a 30-gram bracelet these two days. When I go to the store, the price is 645 yuan that day, and it will be 617 yuan after the reduction, and my 20 grams will be supplemented by 91 yuan per gram. In other words, I have to pay a total of 7990 yuan for adding 10 grams of gold, and I have to pay another 10 grams of manual fees, which brings me an uncomfortable feeling of’ sitting on the ground’ after the price of gold rises. " Xiaoxi (pseudonym), a citizen of Beijing, said that he intends to wait and see in the near future.

How long can the strength of gold prices last?

The price of gold has reached a record high. Is there room for growth in the future?

For the logic behind the rise in gold prices, Ma Yinchen, an analyst in the precious metals industry, believes that due to multiple factors, the trend of dollarization shown by the continuous increase of gold reserves by central banks around the world in recent years has jointly benefited gold.

However, it should be noted that at present, the market has largely taken into account the impact of the Fed’s interest rate cut. If the Fed fails to cut interest rates or the rate cut is less than expected, the price of gold may fluctuate or even fall back.

Ma Yinchen said that on the whole, due to the demand for safe haven and the demand brought by dollarization, it is expected that the international gold price will rise steadily this year. Even if the price of gold falls back after a sustained high in the future, it may remain at a high level.

At present, Wall Street analysts generally expect that the strength of gold prices will last at least until the second half of this year. Citigroup analysts predicted in the report that there is a 25% chance that the price of gold will reach a record $2,300 per ounce in the second half of this year.

For gold investment, it is generally suggested in the industry that for individual investors, the gold market actually fluctuates greatly, and there is a certain price difference in the process of buying and selling physical gold. Investors should allocate assets according to their personal risk preferences. (Reporter Wang Yuxu)

(Note: This article does not constitute any investment advice)