Gold price breaks new high of 3790 USD "Taiwanese jewelry stores are crowded", The Federal Reserve (FED) lowers interest rates to heat up safe-haven demand, is the next round to exchange for Bitcoin?Gold prices in USD reached a new high, with gold prices in Taiwanese jewelry stores soaring to 14,110 TWD. Although this is not a historical high, a wave of gold selling has emerged, reflecting investors' alertness to high-end risks. Experts suggest taking a wait-and-see approach in the short-term. (Background: Argentina's inflation surged by 37% in a single month! U.S. rescue efforts are ineffective, and the public is frantically buying Bitcoin and stablecoins for hedging.) (Additional context: Gold breaking through 3600 USD to a new high "Experts say it will keep rising," with the U.S. unemployment rate crashing and rate cuts benefiting Bitcoin?) Today (23), gold prices reached a new high of 3290 USD, while Taiwanese jewelry store rates jumped to 14,110 TWD per tael, just 70 TWD away from the historical high set on April 22. Typically, rising gold prices are accompanied by buying momentum, but on this day, jewelry stores saw people lining up with old gold ornaments for appraisal, waiting to sell. The "gold selling wave" occurred simultaneously with the rising market, becoming the most prominent phenomenon.
動區BlockTempo·49m ago