The prices of gold shops have all jumped, and banks have urgently tightened risk controls to prepare for fluctuations.

Against the backdrop of a sudden escalation in the international geopolitical situation, the price of gold surged over the weekend. On February 28th, the prices of gold in retail stores across the board saw a significant increase. Many established gold shops initiated the first round of price adjustments for the year, with an increase of up to 30%. Several branded gold jewelry stores quoted prices exceeding 1600 yuan/gram, an increase of over 30 yuan/gram compared to the previous day. In the face of possible sharp fluctuations next week, many commercial banks have tightened risk controls on individual gold businesses, implementing risk reminders, admission restrictions, and other measures to "clear mines" in advance. Industry insiders believe that in the short term, the market will heavily rely on the direction of the conflict, as the subsequent impact of the US-Iran situation on the price of gold is not linear but depends on the scope and intensity of the conflict. However, in the long term, the upward effect of geopolitical events on the price of gold may gradually weaken, and the market is expected to return to rationality.