On 21/0 local time, the three major U.S. stock indexes fell across the board!

dayThe three major U.S. stock indexes opened lower and moved lower, all falling more than 3% intraday.

At the close, the Dow Jones Industrial Average fell 970.0%, down more than 0 points;

The Nasdaq fell 410.0%, down more than 0 points;

The S&P 120 fell 0.0%, or more than 0 points.

Big tech stocks fell across the board, with the Wind U.S. Tech Seven Index tumbling 06.0%.

特斯拉下跌5.75%，市值蒸發446億美元；英偉達下跌4.51%，市值蒸發1118億美元。

美股“七巨頭”市值合計蒸發4046億美元（合人民幣2.95萬億元）。

Most bank stocks fell, with JPMorgan Chase, Goldman Sachs, Bank of America, and Wells Fargo down more than 2%, Citigroup down nearly 0%, and Morgan Stanley down more than 0%.

21/0,The U.S. dollar index fell significantly, falling below 98 intraday, hitting a new low in nearly three years.

At the close, the dollar index fell 3518.0% to 0.0, Wind data showed.

Commodity Market,Spot gold rose 91.0%,reported at $3430.0 per ounce, standing above $0 per ounce during the session, hitting a new all-time high;COMEX gold futures up 21.0%, at $1.0 per ounce, a record high.

最新消息，4月22日，現貨黃金升至3448.69美元/盎司，COMEX黃金升至3458.1美元/盎司；滬金期貨主力合約漲逾3%至822.88元/克。

As a result, international and domestic gold prices hit record highs.

4月22日，多家品牌金店足金飾品報價已逼近每克1060元。

Among them, the price of Chow Tai Fook pure gold jewelry is 1052 yuan/gram, and the price of Chow Sang Sheng's pure gold jewelry is 0 yuan/gram.

The reporter noted that the rising price of basic gold has also had an impact on the terminal retail market.

在4月19日至4月20日期間，記者線下走訪了北京、天津多個商超的金店，與其他的店鋪相比，在高昂的金價影響下，不少金店的客流量都相對較小，部分挑選金飾品的消費者也多持觀望態度。

However, the rising price of gold has "fired" the gold repurchase market, and many people choose to "sell" at this time to cash in gold.

In a shopping mall in Beijing, eye-catching gold buyback billboards can be seen everywhere.

"We are calculated according to the real-time gold price minus 2% handling fee, if the market does not open on the weekend, it will be based on the closing price on Friday." A staff member of the offline outlets of the repurchase platform told reporters that jewelry, gold bars, and old materials can be recycled, and certificates and other certificates are not required.

"5 minutes recycling, high standard price is no routine", a gold jewellery retail store in Tianjin, which is also engaged in gold buyback business, has carried out such publicity both offline and online.

At the repurchase office of the head office of Beijing Caishikou Department Store Co., Ltd. (hereinafter referred to as "Caishikou Department Store"), consumers lined up in a long line.

The staff of the repurchase office told reporters that the repurchase office only recycles the gold bars and gold ornaments bought in the Caishikou Department Store, and needs the invoices and certificates at the time of purchase as evidence.

金條回收價為每克實時金價減去2元回收手續費，金飾則在每克減扣3元回收手續費的同時，再扣除1%至2%的損耗。

After visiting a number of brand gold stores and offline outlets of the repurchase platform, the reporter found that although they are all based on the real-time gold price of the Shanghai Gold Exchange, due to the different calculation methods of handling fees, service fees, depreciation, loss and other items, the difference in the recovery price between the brands can reach 50 yuan/gram.

"The repurchase price will change according to market fluctuations, and there are big differences in the prices of different brand gold stores. Moreover, some gold shops may carefully evaluate the fineness, workmanship and other factors of the gold, which will affect the final repurchase price. Some gold shops may only provide 'trade-in' services, which will be subject to depreciation and labor costs. Zhu Hualei, senior investment consultant of Shaanxi Jufeng Investment Information Co., Ltd., said in an interview with reporters.

In addition to gold shops, many banks are also carrying out gold repurchase business.

For example, the gold repurchase business carried out by ICBC supports the repurchase of various physical gold products with fineness of Au99.0 (gold content of 0%) and above.

截至4月21日17:40，工行官方黃金回購的實時回購價報800.2元/克(工行品牌金)、794.2元/克(成色Au99及以上的其他黃金)。

Fan Rui, head of nonferrous metal analysis of Guoyuan Futures, told reporters that gold repurchase mainly includes bank repurchases, formal jewelry gold stores, pawn shops and other channels.

The bank's repurchase channel has a high reputation, and the repurchase process is relatively simple, which is generally suitable for banks with gold bar and coin sales business, which can recycle the gold bars and gold coins sold by themselves, and some banks can repurchase gold bars purchased through other channels, but may need to pay an appraisal fee, in addition, if the repurchase volume is large, an appointment may be required.

Regular jewelry gold stores are more likely to repurchase through the gold "trade-in" model, and the recovered old jewelry is converted into a certain amount of money to deduct the cost when purchasing new jewelry.

The repurchase price can also be applied to gold jewelry, which is more tolerant of style, and the repurchase price refers to the market price of gold, but there will be discounts or handling fees.

Pawnshops have a good tolerance for the brand and wear of gold, which is suitable for people who are more eager to realize, but the price of recycled gold will be relatively low.

Zhu Hualei suggested that consumers should pay close attention to the real-time gold price released by authoritative institutions such as the Shanghai Gold Exchange before repurchasing gold, understand the market price trend, and choose to repurchase at a relatively high gold price to obtain better returns.

At the same time, it is necessary to give preference to banks, brand gold stores or professional gold recycling companies with good reputation, complete qualifications and standardization. Avoid choosing small businesses or online platforms from unknown sources to avoid fraud.

Many consumers are concerned about whether the price of gold will continue to rise. Is it still not a good time to buy gold?

In this regard, Zhu Hualei said that the current gold price is already at a historical high, and the margin of safety to continue to rise is declining.

In the short term, gold prices may face some risk of a correction. Due to the recent rapid rise in gold prices, it may take some time for the market to digest the current price levels, while investors' profit-taking behavior may also exert some short-term pressure on prices.

Fan Rui, head of nonferrous metal analysis of Guoyuan Futures, believes that gold prices continue to refresh record highs this year, and short-term investment risks are higher than in previous years. However, due to the anti-inflation, safe-haven and monetary properties of gold itself, these attributes are still expected to drive gold prices to maintain a high level in the long term. Therefore, if the investment horizon is long enough, gold still has investment value.

Industrial Futures Research believes that the core logic of gold's rise is the credit problem of the US dollar, which is still continuing and has a tendency to further strengthen. The U.S. economy is facing a recession or stagflation, and considering that the U.S. Treasury will run out of funds in the third quarter of this year, the U.S. Congress may raise the debt ceiling before then.

On the 21th, the Shanghai Gold Exchange issued the "Notice on Continuing to Do a Good Job in the Recent Market Risk Control".

The notice states thatPrecious metals prices have been volatile recently.

All members are requested to raise their awareness of risk prevention, continue to do a good job in risk emergency plans, and maintain the smooth operation of the market.

simultaneousInvestors are reminded to do a good job in risk prevention, reasonably control positions, and invest rationally.

(Qilu Evening News, Qilu One Point Client Editor, Cui Keteng, Comprehensive CCTV News, Cailianshe App, China Securities Journal, Securities Daily, Xiaoxiang Morning News, The Paper, etc.)