On January 30 local time, international gold prices surged during the European trading session, briefly surpassing US$2,800 per ounce, setting an all-time intraday high. As of 6:52 PM Beijing time on January 30, the April gold futures price on the New York Mercantile Exchange was trading at US$2,817.1 per ounce, with an intraday increase of 0.84%.
Analysts attribute the rise to multiple factors, including the Trump administration's imposition of tariffs on major trading partners, which could escalate trade tensions and heightened global geopolitical uncertainties. Central banks in several countries have also increased their gold reserves, further boosting gold's appeal as a safe-haven asset and its potential for continued price growth.
In the retail market, the surge in international gold prices has also driven up the price of gold jewelry. On January 30, major retail brands such as Chow Tai Fook, Lao Feng Xiang, and Lao Miao Gold reported gold jewelry prices at approximately 835 yuan per gram.
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