Galaxy Securities: Gold prices are expected to continue their upward trend

Sina Financial News Galaxy Securities recently pointed out in a research report that the rise in gold prices and diversification of demand at this stage are the main driving factors for the growth of the industry. On the price side, combined with global macro influencing factors, taking into account the upstream cost and other commodity attributes and the investment attributes of its own reserve value, it is expected that gold prices are expected to continue their upward trend. On the demand side, the idea of heavy gold jewellery has led to the widening of the age band of gold jewellery buyers, the demand for pan-wedding has gradually changed to self-pleasing consumption, enterprises design and produce gold jewellery more suitable for daily wear to respond to market demand, and the demand for jewellery and investment products is booming, and the retail market size is optimistic that the market size may continue to grow.