International gold prices have recently retraced, briefly dipping below $4,000/oz. A visit to Shenzhen's Shuibei jewelry market found sustained foot traffic after the Dragon Boat Festival but strong wait‑and‑see sentiment. Merchants say overall sales have dropped sharply from last year's gold rally, with transaction volumes under 50% year‑on‑year. Buyers who bought at higher levels are much less willing to repurchase; most view current prices as high and cite an ideal entry near 500 yuan/gram. W

International gold prices have recently retraced, briefly dipping below $4,000/oz. A visit to Shenzhen's Shuibei jewelry market found sustained foot traffic after the Dragon Boat Festival but strong wait‑and‑see sentiment. Merchants say overall sales have dropped sharply from last year's gold rally, with transaction volumes under 50% year‑on‑year. Buyers who bought at higher levels are much less willing to repurchase; most view current prices as high and cite an ideal entry near 500 yuan/gram. With prices volatile, purchases are limited to small personal pendants rather than large bullion accumulation.