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Spot gold breaks through $5200 and $5300 levels within one day
Witness history! On January 28, spot gold (London Gold Fix) maintained a strong upward momentum, first breaking through the $5200/ounce mark, then again surpassing $5300/ounce within the day, with an intraday increase of over 2.5%, hitting a new all-time high.
Since the beginning of the year, the price of spot gold has increased by more than 22%, gaining over $900. As of press time, the price slightly retreated to around $5287.478/ounce, still up more than 2%.
Domestic gold jewelry prices have also reached historic highs, surpassing 1600 yuan per gram. On January 28, Lao Fengxiang pure gold jewelry was quoted at 1620 yuan per gram; Chow Tai Fook gold jewelry at 1618 yuan per gram; Lao Miao gold pure gold jewelry at 1612 yuan per gram; Chow Sang Sang gold jewelry at 1614 yuan per gram.