On March 25, spot gold continued its upward trajectory, breaking through the $4,500 and $4,600 thresholds during trading. By 10:07, it had risen nearly 3%, settling above $4,590 per ounce, bringing its year-to-date gain to 6.15%. Spot silver also climbed 3.44% to $73.729 per ounce.
Gold-related stocks in the A-share market also saw significant gains. At the time of writing, Xiaocheng Technology surged over 9%, while Chifeng Gold and Zhongjin Gold advanced more than 6%.
As a result, domestic gold jewelry prices from several brands also increased, with the price per gram returning to the 1,400 yuan level. Chow Sang Sang's pure gold jewelry was quoted at 1,418 yuan per gram, a daily increase of 68 yuan. Lao Feng Xiang's price reached 1,408 yuan per gram, rising 63 yuan for the day.
Due to sharp fluctuations in precious metals prices, several banks, including Bank of China, China Construction Bank, Minsheng Bank, and Industrial and Commercial Bank of China, recently issued market risk advisories. The announcements stated that current precious metals prices are experiencing intense volatility, with market uncertainty significantly elevated. Banks advised clients to enhance their risk awareness, make rational investment decisions based on their financial situation and risk tolerance, and manage positions appropriately.
Bank of China recommended that investors consider long-term investment strategies to mitigate the impact of short-term price swings.
Industrial and Commercial Bank of China suggested investors adhere to the principles of "total amount control, phased entry, and diversified allocation" to build a more resilient asset portfolio.
Tian Lihui, a finance professor at Nankai University, commented that the current volatility in the precious metals market has exceeded the scope of a normal correction, entering an abnormal phase characterized by high intensity and high uncertainty. He indicated that retail investors may be better suited to long-term allocation through non-leveraged methods such as gold accumulation plans and gold ETFs.
According to reports, the United States has presented Iran with a peace proposal containing "15 conditions," including demands for Iran to dismantle its existing nuclear capabilities, commit to not developing nuclear weapons, and prohibit uranium enrichment on its soil. In exchange, Iran could receive a full lifting of international sanctions and U.S. support for its civilian nuclear program. It is understood that the U.S. is considering pushing for a one-month ceasefire to facilitate further negotiations on these terms. The U.S. is reportedly discussing with several mediators the possibility of holding high-level peace talks with Iran as early as this week, but is still awaiting a response from Tehran.