Xinhua News Agency, Beijing, April 16 (Reporters Chen Yunfu and Ren Jun) As international gold prices continue to rise, the price of gold denominated in RMB has hit new highs. On the 16th, the quotations of gold jewelry from many brands of gold stores exceeded 1,000 yuan per gram, and the general market quotations were around 1,005 yuan per gram, setting a new record high.

　　The market risk aversion sentiment has heated up recently. London spot gold prices rose above $3,270 per ounce during the trading session on the 16th. Since April, it has risen by nearly 5%. Driven by the Shanghai Gold Exchange spot gold price came above 775 yuan per gram during the session. The main contract of gold futures listed on the Shanghai Futures Exchange once rose to 777.36 yuan per gram, both hitting new highs.

　　Recently, many institutions such as Goldman Sachs, JPMorgan Chase, and UBS raised their expectations for gold prices. Analysts believe that due to the impact of US tariff policies, the market's concerns about the US economic recession have intensified, and the traditional safe-haven assets of US Treasury bonds have fluctuated sharply, and many investors have turned their attention to gold. "The market uncertainty is high, and the continued purchase of gold by global central banks, which supports the gold price." said Lu Weijia, trading director of Heraeus Precious Metals China.

　　Since the beginning of this year, the price of spot gold denominated in RMB has risen by about 26%, close to the full year of last year.

[Editor in charge: Liu Yang]