Gold breaks through the $5100 mark, with retailers like Chow Sang Sang raising their prices accordingly

Recently, the international gold market has performed strongly, with London spot gold surpassing $5,100 per ounce, gaining over 2% in a single week. Meanwhile, domestic gold retailers such as Chow Sang Sang and Chow Tai Fook have also adjusted their prices accordingly, as demand for gold investment continues to rise. There are multiple factors driving this upward trend, which investors should pay attention to.

International Gold Prices Hit New Highs, Multiple Markets Rise Simultaneously

London spot gold is quoted at $5,104.24 per ounce, up $117 this week, a 2.35% increase. U.S. COMEX gold futures performed even stronger, closing at $5,122.80 per ounce, a weekly gain of 2.51%. The two major global gold trading markets responded in unison, indicating a significant increase in investor demand for gold. This strong performance of international gold prices is gradually transmitting to the domestic market.

Geopolitical Tensions and Fed Rate Cut Expectations Double as Safe-Haven Drivers

Several factors are fueling gold’s rise. First, escalating geopolitical risks in the Middle East, with tensions in the Strait of Hormuz, are prompting global investors to accelerate capital flows into safe-haven assets, with gold once again favored as a traditional safe-haven tool. Second, weak U.S. economic data and market expectations of a rate cut cycle by the Federal Reserve starting in March have led to a weakening dollar, which in turn enhances gold’s relative attractiveness. Third, central banks worldwide continue to increase their gold reserves, providing medium- and long-term support for gold prices. Additionally, recent U.S. Supreme Court rulings on Trump’s tax policies and limited military actions against Iran have further reduced market risk appetite.

Technical Support and Resistance Levels Clarify Short-Term Volatility Range

From a technical perspective, key support for gold is around $5,000. If prices fall below this level, it could trigger a new round of selling. Resistance is set at $5,200, which will be the next critical level for upward movement. This technical framework offers market participants clear guidance for risk management.

Domestic Retail Gold Prices Rise in Tandem, Chow Sang Sang and Others Respond

Although some domestic markets have temporarily locked prices due to the Spring Festival holiday, retail gold prices are already adjusting. Well-known jewelers like Chow Sang Sang and Chow Tai Fook have respectively adjusted their retail gold prices to around 1,560 yuan/gram and 1,556 yuan/gram (Lao Feng Xiang). The Shanghai Futures Exchange’s Gold T+D contract is quoted at 1,108.5 yuan/gram, with the creative benchmark contract at 1,110.1 yuan/gram. These figures reflect the transmission of rising international gold prices into the domestic market, increasing the cost for retail investors to purchase gold.

⚠️ Risk Reminder: The above information is for market reference only and does not constitute any investment advice. The gold market carries volatility risks; investors should make cautious decisions based on their own risk tolerance.