Shuibei triggers a rush of buying gold! Netizens mock: the golden monkey market has arrived.
Since the beginning of this week, the spot price of gold has been continuously declining, with a cumulative decrease of around 15%, marking the largest weekly drop since March 1983. From the previous significant increase in gold prices to a sharp decline this week, consumers jokingly refer to this as the "Golden Monkey Market" in addition to the "Bull Market" and "Bear Market". Reporters have noticed that the gold market in Shuibei, Shenzhen is bustling. Crowds of people gather in front of the counters of major gold shops, filled with consumers inquiring about prices. After a week of consecutive price drops, consumer enthusiasm for purchasing has surged. Several gold shop owners told reporters that foot traffic in their stores this weekend has increased by about 30% compared to last week, with many buyers coming from out of town specifically to "pan for gold". Particularly, some consumers planning to get married on May 1st have taken advantage of the sharp drop in gold prices to purchase the "three gold" and "five gold" items for their wedding celebrations in advance.
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