Field investigation on "Beijing Water Bay": Gold price dives at high levels with strong wait-and-see sentiment, transactions drop to freezing point overnight.
Wind data shows that as of 22:00 on January 30th Beijing time, London spot gold once fell more than 8%, hitting a low of $4941.61 per ounce. The high price dive triggered a chain reaction. A visit to Tianya Jewelry City, also known as "Beijing Water Shell", by reporters revealed that market sentiment was very cautious, with trading volume dropping from hot to cold overnight. Some businesses admitted that not only customers were hesitant, but many sellers of fixed-price products also did not know how to offer discounts, leaving them in a dilemma.
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