GOLD PRICE SET TO RISE? "BIG PLAYER" HAS A PLAN TO ADJUST!
According to Jin10, the "giant" jewelry company Chow Tai Fook is planning to INCREASE the prices of its gold products after the Lunar New Year.
MAIN INFORMATION:
Expected time: Mid-March.
Products with price increase: Fixed price products.
Chow Tai Fook has CONFIRMED its price increase plan, but stated that the specific time and extent have not yet been decided.
IS THIS WORTH NOTING?
SIGNAL ABOUT GLOBAL GOLD PRICES?: The move of a "big player" in the gold retail industry like Chow Tai Fook may REFLECT their expectations that the prices of raw GOLD will continue to rise in the near future.
RESPONSE TO MARKET CONDITIONS: The company stated that price adjustments are part of regular operational policy, aimed at RESPONDING to market conditions and PRODUCT DEMAND. This may indicate that the demand for physical gold remains high.
BROADER PERSPECTIVE:
In the context of uncertain macroeconomic conditions, GOLD is often seen as a SAFE HAVEN asset. The price increases by large businesses may be another indicator that defensive sentiment is rising.
For crypto investors, monitoring gold price movements is also very useful, as it often has a correlation (sometimes inverse) with Bitcoin.
What do you think about this move? Could this be a signal for a new gold price increase?
Note: This information is for reference only and should not be considered investment advice. Please do your own research and make the most informed decisions.
