【Brokerage Focus】CITIC SEC: Gold prices are undergoing a temporary adjustment, and gold jewelry sales may perform well.

Jinwu Financial News | CITIC SEC stated that since gold prices reached a historic highest closing price of 826 yuan/gram on April 22, 2025, they have corrected by over 8% as of May 12. Consumers have formed a stable bullish expectation for gold prices over the past year, and the bank believes that the current performance of gold prices will stimulate the increase in gold jewelry consumption through both financial and commodity attributes. Meanwhile, entering Q2 2025, the low base effect will become evident: it is expected that the retail sales of gold and silver jewelry in large retail enterprises (with annual main business income of 5 million yuan or more) will be -4.0% year-on-year in Q2 2025, -7.7% in Q3, and -0% in Q4.

Jingu Finance News08:51

Hong Kong stock mid-term review | The three major indices all rose, with the Hang Seng Index up 1.43%; internet technology and shipping stocks performed well, with Tencent Music and COSCO SHIPPING Development both rising over 12%.

Network Technology stocks are rising, Baidu is up 2.81%, and JD-SW is up 2.70%; Shipping and Ports stocks are also up, COSCO SHIPPING Development is up 12.37%, and PACIFIC BASIN is up 6.67%; Insurance stocks are performing well, CHINA TAIPING is up 6.19%, and China Pacific Insurance is up 4.15%.

Futu NewsMay 14 12:13

Retail Inflation: Apparel, Footwear Prices See Declines in April

Yahoo FinanceMay 14 04:36

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Gelonghui FinanceMay 13 17:09

【Popular Industry】Gold prices swing again. Is the Gold Trinket Industry facing an accelerated reshuffle?

Jinwu Finance | Significant consensus reached in China-U.S. trade negotiations, rapidly improving market expectations. The VIX volatility index, known as the 'fear index,' fell below 20 points again on May 12, further dropping to 18.4. Market risk appetite surged, leading to a collective rise in U.S. stocks that day, with Technology stocks leading the Large Cap, and the Nasdaq rising more than 4%. The celebration of risk assets came as Global risk aversion sentiments quickly retreated, causing international gold prices to drop sharply. New York futures gold closed at $3,228 per ounce, down $116, a decline of about 3.5%. Spot gold precariously held above $3,200 per ounce, hitting a low of $3,207.3, the beginning of May.

Jingu Financial NewsMay 13 16:44

The domestic gold Trinket has fallen below the 1,000 yuan mark.

On May 13, according to China News Network, influenced by the international gold price plunge, many gold stores in the country lowered the price of gold trinkets to below 1,000 yuan. Among them, the prices of gold trinkets from CHOW TAI FOOK and Chow Sang Sang were adjusted to 992 yuan per gram, down 16 yuan from the previous day, with a total decrease of 30 yuan per gram over the past two days; the price of gold trinkets from Lao Miao was adjusted to 987 yuan per gram, down 13 yuan from the previous day, with a total decrease of 32 yuan per gram over the past two days.

Gelonghui FinanceMay 13 10:08