Gold price per gram drops nearly 330 yuan RMB within the year, selling at the bustling market without any issues

On June 20th, Lao Feng Xiang's pure gold price per gram was 1290, while on March 7th at the peak it was 1620, a decline of over 25%, during the same period Bitcoin only fell 6%
At the end of last year, everyone was still discussing how many rate cuts this year would be made, now it's the other way around, starting to discuss whether to raise interest rates or not
Gold is a non-interest-bearing asset, when interest rates are high, the opportunity cost of holding gold increases, and institutions have to sell. Many institutions lost money in the stock market, and if their margin is insufficient, they have to sell gold to cover the gap. Gold previously rose a lot, with the largest unrealized gains, and it was the first to be hammered down
When the gold price was over 600 yuan, did anyone remind you to buy? Buying when no one was paying attention