International gold prices weaken, gold jewelry consumption active.

Recently, international gold prices have fallen sharply. The continued weakness in international gold prices has quickly transmitted to the end-consumer market, with retail prices of gold jewelry from major brands cut in tandem. Some brands' gold prices have dropped by nearly 550 yuan per gram from their peak within the year. Industry experts believe that in the short term, the direction of international gold prices will still mainly depend on market expectations for the Federal Reserve's monetary policy and changes in the U.S. dollar trend; in the long term, factors such as geopolitical uncertainty, high sovereign debt in some countries, central banks' advancement of reserve asset diversification, and the deepening of the "de-dollarization" process will provide strong support for international gold prices.