Gold prices continue to fall, leading to long queues at investment gold counters. Wholesale traders are intensively restocking as gold prices continue to decline.
After reaching a historical high at the beginning of the year, international gold prices have been continuously falling in the past few days, leading to a significant drop in domestic gold jewelry prices as well. At 3 p.m. on weekdays, many consumers still gathered in front of the major gold counters in Shuibei, Shenzhen. A reporter from CCTV Finance found that for consumers with immediate needs such as weddings, the attractiveness of the lower gold prices is particularly evident. Several salespeople in the stores mentioned that there has been a noticeable increase in consumers coming to Shuibei this week. With the decline in gold prices, many wholesalers who were previously waiting on the sidelines have started to replenish their stocks, leading to an increase in purchasing activity. In addition, at a gold sales store in Xicheng District, Beijing, there was a crowd of people in front of the investment gold counter, and there was a long line at the checkout counter for gold bars. The reporter found that recently, most new investors are mainly optimistic about the future trend of gold prices and the long-term investment value of gold, choosing to buy in small amounts at a low point in gold prices.
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