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According to reports, many gold jewelry brands have seen their gold prices surpass 960 yuan per gram.
Gold Financial News | According to the Shanghai Securities Journal, gold prices have reached a new high, and many gold jewelry brands have announced on April 3rd that the domestic price of pure gold trinkets has also risen sharply, exceeding 960 yuan per gram. Specifically, on the morning of that day, the domestic prices for pure gold (trinkets, ornaments) from CHOW TAI FOOK (01929), LUK FOOK JEWELLERY (00590) pure gold 999/pure gold, Guangdong CHJ Industry pure gold (trinkets and ornaments), and Chow Tai Fook pure gold trinkets reached 962 yuan per gram; the price for Lao Miao Gold's pure gold trinkets in the Shanghai area was 961 yuan per gram.
After Leaping 29% Chow Tai Fook Jewellery Group Limited (HKG:1929) Shares Are Not Flying Under The Radar
Hong Kong stocks closed (04.02) | The Hang Seng Index slightly fell by 0.02%. Xiaomi (01810) continued to drop by 4%. Leading new forces, LEAPMOTOR (09863) soared nearly 13%.
The market is watching the USA's upcoming announcement of the reciprocal tariff policy. In the morning session, Hong Kong stocks rebounded after hitting a low, with the Hang Seng Index rising by 1.8% at one point, but the gains gradually narrowed, and both the Hang Seng Index and the National Index turned negative in the afternoon.
Market Chatter: New World Development Revising Terms for Two Loans
Hong Kong stocks movement | CHOW TAI FOOK (01929) rises over 6% after recently announcing a new Chief Financial Officer. The price of gold jewelry at fixed prices may increase multiple times this year.
CHOW TAI FOOK (01929) rose over 6%, as of the time of publication, up 6.18%, priced at 9.45 HKD, with a transaction volume of 0.105 billion HKD.
Nielsen IQ: In January, China's fast-moving consumer goods market grew by 8.3% year-on-year, with alcoholic beverages, Personal Care, and beverages leading the way.
In January of this year, compared to the same period last year, driven by a strong boost from the Spring Festival, the fast-moving consumer goods sector achieved a significant growth of 8.3% across all channels, with offline channels steadily growing by 5.4%, while online channels were even stronger, reaching a growth rate of 12.5%.
