As the international political landscape shifts, gold prices have been declining since early May, with Chinese wholesale gold prices dropping below 800 RMB. Currently, during China's holiday period, the Shenzhen Shuibei gold market sees a surge in gold-buying activity. A gold livestreamer commented, "Gold prices are down again; come over to Shuibei to see how many people are buying gold!"

During this holiday, the Shenzhen Shuibei gold market resembles a bustling tourist attraction, filled with consumers eager to capitalize on the lower gold prices. One consumer stated, "Now that prices are down, it's a great opportunity to buy earrings and bracelets." Previously, fears stemming from international tensions had driven gold prices higher, but since May 1, factors like easing US-China tariffs have led to a slight decline in prices. This week, gold prices have dropped over 2%, representing an 8% decrease from the previous peaks.

Notably, leading national jewelry chains have seen per gram gold prices fall below 1,000 RMB for the first time in 20 days, while wholesale prices in Shenzhen have dipped below 800 RMB, fueling the gold-buying frenzy during the holiday. Experts predict that gold prices could temporarily peak around $3,500. A Shenzhen gold merchant noted, "Recently, gold investments have been quite popular among the public, with daily inventory levels during the May Day holiday doubling from the usual levels."

Gold price fluctuations have also led to shortages of gold bars weighing 50 grams and 100 grams, and the second-hand gold market is becoming increasingly active. However, some merchants warn consumers to be cautious when seeking unknown buyers to avoid scams. A Shenzhen gold recycling operator advised, "They may claim your gold is impure, containing iron or copper, without conducting machine tests, just stating that it is impure and estimating based on 80% purity. Do not trust such claims; the only verification method in Shuibei is through machines and spectrometers." Given the value of gold, even minor differences can accumulate to significant losses.