The upstream material suppliers of Shui Bei refuse to supply materials, so the retailers cannot get any goods. Some stores are losing too much money and thus decide to close down.

date
06/02/2026
Recently, the prices of gold and silver have surged and plunged, creating a "roller coaster" effect. Due to the intense fluctuations, there are no spot goods available in the market. Journalists conducted an investigation in Shuibei, Shenzhen, and several employees of Shuibei gold stores told reporters that upstream suppliers were not providing materials, making it impossible to obtain goods. Some store owners also stated that they were no longer paying attention to the market price of gold, as they would have to increase the price per gram significantly for spot goods, resulting in significant losses and prompting them to close their doors. Experts pointed out that suppliers choosing to lock in their supplies was due to some of them not hedging their inventory, leaving them exposed to price risks.