Domestic gold jewelry prices have soared back above 1400 yuan.

On the morning of April 1st Beijing time, spot gold rose above $4700, reaching $4703 per ounce, with an intraday increase of over 0.7%. Analysts believe that the optimistic expectations of the United States possibly ending the conflict with Iran soon and the fall in international oil prices boosted market sentiment that day, also easing the selling pressure faced by precious metals since the US-Iran conflict. At the same time, the US dollar index fell from its high level above 100, also boosting the price of gold. On April 1st, the prices of gold jewelry from several domestic brands increased significantly, with the price per gram all rising above 1400 yuan. Among them, Chow Sang Sang's gold jewelry price was reported at 1447 yuan per gram, while Chow Tai Fook and Lao Miao's gold jewelry price was reported at 1445 yuan per gram.