Source: Cailian
Financial Associated Press, October 16 (Editor Shi Zhengcheng)Japanese retail investors snapping up gold bars have swept out the inventories of precious metal retailers in the face of uncertain events emerging around the world.
As of Wednesday,Japan's domestic retail gold price has exceeded 2,24 million yen per gram (about RMB 1,057), almost doubling in the past two years.。 The rise in inflation in Japan and the depreciation of the yen have pushed the price of gold denominated in yen to nearly quadruple since the end of 2020.
Retailers also generally reflect,Unlike many people who chose to sell when gold prices rose in the past, now more investors are buying in expectation that prices will continue to rise.
The latest news shows that the stock of gold under 50 grams in Japanese retail stores has declined rapidly due to the continued explosion of sales.Because the price of 100 grams of gold has reached 2.2 million yen, small-scale products are naturally more favored by retail investors.
It is known,The well-known local gold shop Tanaka Precious Metals has stopped selling gold bars of 50 grams and below since last week, the official websites of many competing products also show that small weight products are sold out.
These dealers sell gold bars ranging from 5 grams to 1 kilogram packs, as well as gold coins and gold crafts.
Ayako Takashina, Sales Planning Manager of Tana Precious Metals Retail, said that the company's raw material procurement is not a problem, and the gold inventory is also sufficient, butThe production capacity of gold bars cannot keep up with demandMedium-sized distributors sell through the procurement of gold, made into gold stripes after melting the factory.
Currently, Tanaka Precious Metals is strengthening its production capabilities,It is expected to gradually resume sales by the end of November.。
Nanae Kawauchi, head of retail business at Shifu Metal Industries, another major distributor, recalled,Approximately at the end of September, when the price of gold rose to 20,000 yen per gram, the number of customers who came to buy money exploded.。
Gold, known as a shelter asset, is often sought during times of crisis.Recent global concerns about the Trump administration’s policies, escalating geopolitical risks and concerns about inflation have driven global gold prices to surge.
In this context, the high market, seen as supporting fiscal expansion, won the Democratic Party’s presidential election. This further depreciated the yen, thus driving the retail price of precious metals retailers to rise.
Although the US-Japan spread is narrowing,However, as both Takaichi Sanae and the opposition coalition ultimately point to a looser fiscal policy, most analysts believe that the yen will continue to depreciate.
Daisaku Ueno, chief foreign exchange strategist at Mitsubishi UFJ Morgan Stanley Securities, said: "Gold is seen as an effective currency diversification option that protects asset values from the risk of yen depreciation."
(Funding company 史正丞)