International gold prices fell to a new low in a year on October 30 due to factors such as rising international crude oil prices, increased inflationary pressure in the US, and rising market expectations for further interest rate hikes by the Federal Reserve. By the latest close, COMEX gold futures fell 3.63% to 3884.90 US dollars/ounce; London gold is now down 3.61% to 3875.19 US dollars/ounce, both falling below the $3,900 mark. Affected by the decline in international gold prices, domestic brand gold jewellery prices have been lowered simultaneously. Some brand jewellery prices have fallen back nearly 550 yuan/gram from their high point during the year. Analysts explained that recently, due to multiple uncertainties around the world, the price of gold has fluctuated quite clearly in the short term, and more investors are buying gold investment gold bar products. At Caibai Shopping Mall, some consumers bought 5 gold bars. Each gold bar is 30 grams, about 26,000 yuan each. Consumers said that when the price of gold is low, they will want to make some financial investments.

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