[The price of domestic gold jewelry fell nearly 40 yuan per gram overnight] On the morning of the 29th, Beijing time, spot gold closed down 2.95%, falling below US$4,500 per ounce, and reported at US$4,453.67 per ounce. In the overnight market, Federal Reserve Chairman Warsh delivered a speech at the annual meeting of global central banks in Jackson Hole. Warsh said the Fed "still has work to do" if underlying U.S. inflation does not fall back toward its 2% target clearly and quickly enough. On the 29th, the prices of many domestic brands of gold jewelry collectively dropped sharply. Lao Miao's pure gold jewelry was quoted at 1,345 yuan/g, a sharp drop of 39 yuan in a single day; Lao Fengxiang's pure gold jewelry was quoted at 1,348 yuan/g, a sharp drop of 36 yuan in a single day; Chow Sang Sang's pure gold jewelry was quoted at 1,344 yuan/g, a sharp rise of 37 yuan in a single day.