Recently, international gold and silver prices have risen sharply again. As of the close of May 17, the main contract of COMEX gold in the New York Mercantile Exchange was reported at $2,419.8 per ounce, up 1.44% on that day, approaching the historical high of $2,448.8 per ounce set in mid-April; COMEX’s main silver contract rose 6.36% to $31.775 per ounce, the highest since February 2013.

　　According to "The reporter of Daily understands that on May 19th, domestic gold jewelry brands quickly raised the retail price of gold, and many brand prices have reached a new high.The listing price of gold jewelry on that day was 740 yuan/gram.、、、It is 739 yuan/gram.

　　On the afternoon of May 19th, the reporter saw in a number of gold and jewelry brand stores on the first floor of a large shopping mall in Shenzhen that on the eve of "520", many stores launched promotional activities, and young consumers were stopping to choose. Ms. Lu, the person in charge of a gold jewelry brand store, told the Daily reporter: "During the’ 520′ event, the purchase of a single piece can be reduced from 20 yuan/gram to 30 yuan/gram."

　　Some people buy and some people recycle. A person in charge of a merchant in Shenzhen Shuibei Market told the Daily reporter: "Today, the gold price of our store is 571 yuan/gram, and the recycling price is 561 yuan/gram. Some customers planned to sell some time ago, and the price of gold rose sharply this weekend, and they all sold it in unison. The amount of gold recovered in our store these two days is very large. "

　　The impact of rising gold prices on the gold jewelry industry has attracted attention.According to the research report released on May 19th, since the end of 2022, the price of gold has increased by more than 40%. Gold products have both consumption and investment attributes, and also provide consumers with better consumer demand support. Although the rising price of gold will disturb the consumption to some extent, it will positively boost the profit rate of gold jewelry companies. On the whole, the rise of gold price has more advantages than disadvantages for the performance growth of gold jewelry enterprises.

　　Bai Wen, vice chairman of China Enterprise Capital Alliance, told the Securities Daily reporter: "For those gold jewelry companies that have more gold reserves in the early stage, the profit rate is expected to increase more with the rise of gold prices."

　　Gold, silver, etcThe rise in prices comes from the influence of multiple factors. In terms of gold, the fundamentals of supply and demand are the fundamental reasons for pushing up the price of gold. according toAccording to the association data, in the first quarter of this year, the national gold consumption was 308.905 tons, an increase of 5.94% compared with the same period in 2023. On the macro level, the research report said that gold prices at home and abroad are in good shape due to the expected increase in overseas interest rate cuts and the resurgence of geopolitical risks in the Middle East.

　　In terms of silver, Ye Qianning, an analyst at GF Futures, said that on the fundamentals of supply and demand, there was a supply gap in silver for three years. On the macro level, the expectation of interest rate cuts in the United States has been consolidated during the year. In terms of technical trading sentiment, silver technical indicators have turned bullish, and the current speculative capital inflows have accelerated.

　　For the late trend of gold and silver prices, many analysts expressed their views.Rising space. Wang Xu, a senior investment consultant of Jufeng Investment, told the Securities Daily reporter: "In the long run, in the context of the increasing holdings of central banks, there is still room for international gold prices to rise, and gold investment is still a good choice."

　　Zhao Jian, fund manager of UBS SDIC, said that major economies will gradually enter the easing cycle, which may push the prices of silver and other products up for a long time. The rebound of global manufacturing industry will increase the demand for upstream resources and industrial products. Considering that the capital expenditure of most upstream resources industries in the past few years is at a historically low level, many commodity prices have significant upward elasticity.

　　It’s too fierce! Has reached 740 yuan/gram! The retail price of domestic gold shops rose overnight, and the price of 12 yuan/gram silver also reached an 11-year high.

　　Silver is going crazy! "may be on the verge of a bull market"

　　The price of gold reaches 740 yuan/gram! Gold and silver have gone crazy. Is there room for growth?

　　Gold exploded again! "The stores are too crowded."

　　These A-share companies may benefit from soaring gold prices (attached list)

　　China’s National Bureau of Statistics recently released data that China’s gross domestic product (GDP) will be close to 100 trillion yuan in 2019. According to the annual average exchange rate, the per capita GDP has reached 10,000 USD. It took China less than 20 years from 2001, when per capita GDP exceeded $1,000, to 2019, when it jumped to $10,000. Foreign experts and scholars interviewed by this reporter believe that a big country with a population of 1.4 billion has achieved a per capita GDP of over 10,000 US dollars. "This is a miracle in the history of human social development." This proves that the development path chosen by China conforms to its national conditions, and the steady economic growth of China has injected a strong impetus into the world economic growth.

　　"The living standard of 1.4 billion people has been greatly improved, which is one of the fastest economic success stories in history."

　　"The development of China in the past 40 years of reform and opening up is one of the most impressive events in contemporary society, which is a miracle in the history of human social development." Francesco Maringio, president of the Italian New Silk Road Promotion Association, believes that China has steadily become the second largest economy in the world, and all China people have made great efforts to this end. "The course of reform and opening up has proved that China’s development path suits its own national conditions and is a successful innovation in Marxist theory and practice."

　　According to a report released by the Legaton Institute, a British think tank, in 2019, China rose 25 places to the 57th place in the global prosperity index, showing strong performance in health and economic quality indicators.

　　"The living standard of 1.4 billion people has been greatly improved, which is one of the fastest economic success stories in history." According to the website of Nikkei Asia Review, consumption has become the main driving force of China’s economic growth. What is important is that the consumption base is getting richer at the individual level and more diverse at the enterprise level.

　　"In the context of the overall sluggish world economic growth, this transcript is very eye-catching, indicating that the macroeconomic policies adopted by the China government have achieved remarkable results." Petrovsky, chief researcher of the Far East Institute of Russian Academy of Sciences, believes that the most intuitive achievement of China’s economic and social development lies in poverty alleviation and the increase of people’s income. "Since the founding of New China more than 70 years ago, the number of poor people in China has decreased by 850 million, and the income level of the people has greatly increased, which shows that ‘ No one can be left behind on the road to a well-off society in an all-round way ’ Not an empty talk, China is moving towards common prosperity step by step. "

　　From the international experience, the per capita GDP exceeding 10,000 US dollars is an important node for the development of countries with medium or above population size. Axel Goethals, CEO of the Institute of Asian Studies, a think tank of the European Union, believes that crossing this node means that the consumption power of China people is stronger, a huge market with great potential is emerging, and the resilience and stability of China’s economy are further enhanced.

　　China will be the most important market in the world for consumer-oriented companies.

　　Bloomberg reported that China’s economy stabilized in the fourth quarter of last year, and investment began to accelerate, indicating that China’s economy may usher in a stronger recovery. Andrew Tilton, an economist at Goldman Sachs, said that the China administration’s policies are long-term, with more emphasis on risk control and restrictions on short-term stimulus measures that may aggravate economic imbalances.

　　According to research by Christian Ruscher, an economist at the Cologne Economic Research Institute, China’s GDP increased by 6.1% in 2019 compared with the previous year, which was hard-won under the risk challenge and downward pressure. This shows that China’s economy is gradually transforming into consumption and service industry, and it is stronger on the whole.

　　At present, China is in a critical period of becoming a high-income country. We should continue to deepen reform and opening up, enhance the resilience of economic development, promote high-quality economic development, and let China’s economic development dividend continue to benefit the whole world. With the growth of GDP per capita, China’s huge consumer market has become a "gold mine" in the eyes of enterprises all over the world. Andy rothman, investment strategist of BenQ Asia, bluntly said that China is "the best consumer market in the world".

　　"China will be the most important market in the world for consumer-oriented companies." Ira Calix, global chief economist of Deloitte, believes that China’s economy will maintain steady growth, and the growth prospects in the consumer sector are very optimistic.

　　"In 2019, domestic demand contributed 89% to China’s economic growth, of which the final consumption expenditure contributed 57.8%, which shows that China’s economic structure is constantly being optimized." As the largest developing country in the world, China’s development means opportunities for the world, said Yukio Tsuda, a professor at Japanese Central University. The expanding scale of middle-income groups in China will further promote China’s economic growth, promote China to import more high-quality products and services, bring more dividends to all countries in the world, and help stimulate the sustainable development of the world economy.

　　"China’s economy will surely achieve long-term stability, prosperity and development and make greater contributions to the world economy."

　　"The economic data of China in 2019 once again shows that China’s development path has strong vitality." According to Alexander Lomanov, deputy director of the Institute of World Economics and International Politics of the Russian Academy of Sciences, China’s economy is progressing steadily, and the government has deepened reforms, improved various systems, and always insisted on opening up, which has achieved good results. "This once again strongly proves that China’s development path is in line with China’s national conditions."

　　Patricio Ji Ousteau, director of the Argentine China Strategic Cooperation Observation Center, believes that in recent years, China has taken a series of initiatives to expand its opening up. The unprecedented tax reduction and fee reduction policy, the Regulations on Optimizing the Business Environment, the formal implementation of the foreign investment law, and the deployment to accelerate the transformation and upgrading of service outsourcing & HELIP; … "China has been continuously opening to the outside world at a higher level, and its business environment has been continuously optimized, and its achievements are enviable. China has always adhered to the path of peaceful development and supported rule-based multilateralism and the multilateral trading system. I believe that China’s economy will surely achieve long-term stability, prosperity and development and make greater contributions to the world economy. "

　　"The economic data of China in 2019 shows the strong resilience of China’s economy, laying a solid foundation for the decisive victory in building a well-off society in an all-round way." Malinjiao said that the China government attaches importance to people’s needs, and "China is constantly turning its beautiful vision of socialist modernization into reality".

　　(Newspaper Rome, Moscow, Brussels, Washington, Berlin, Tokyo, Canberra and Buenos Aires, January 20th, by reporters Han Shuo, Zhang Xiaodong, Ren Yan, Wu Lejun, Hua Fang, Liu Junguo, Chen Xiaowei and Yao Mingfeng)