After breaking through 620 yuan, will gold continue to rise?

in hive-109435 •  28 days ago 

In the past 10 years, the average annual price of gold in China has shown a significant upward trend. Below is an overview of the gold prices in China over the last 10 years based on publicly available information:

Year Average Gold Price (¥/gram)
2014 272
2015 265
2016 276
2017 290
2018 295
2019 341
2020 383
2021 372
2022 398
2023 472
Since entering 2024, the price of gold has continued to rise. According to the latest data, as of October 20, 2024, the real-time price of gold in China has reached 617.8 yuan per gram, and the basic price of gold has also stabilized at 620.5 yuan per gram. In addition, the gold prices of major brand gold shops are between 636 yuan and 806 yuan per gram. This series of data further proves that the price of gold is showing an upward trend.
So what's your opinion? The gold price will increase or decrease in the future following months? Will you buy some gold?

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