Gold recycling business volume decreased significantly, and the wholesale volume of gold and silver in Shuibei plummeted.

Recently, the situation in the Middle East has been changing rapidly, and the prices of international precious metals have fluctuated dramatically. The sentiment in Shuibei Market in Shenzhen has quickly shifted from "chasing after price increases" to "waiting and watching" in just a few days. The sharp fluctuations in the prices of gold and silver not only affect the retail end, but also spread to the wholesale sector. Retailers across the country have slowed down their pace of purchases, resulting in a sharp decline in the wholesale volume of gold and silver in Shuibei, Shenzhen. During interviews, reporters found that due to the recent dramatic fluctuations in gold prices, many consumers have chosen to temporarily wait and see, leading to a noticeable decrease in the actual transaction volume of the gold recycling business. A gold recycling merchant explained, "Recently, the price fluctuations have been quite significant, and most people are still in a wait-and-see attitude. They don't know where the price of gold is heading. Our business volume has dropped by about 50% compared to before the New Year."