Gold Prices Surge as Middle East Tensions Ease; Shenzhen Shuibei Sees Overnight Jump of Nearly 30 Yuan per Gram

Deep News20:22

With the temporary pause in Middle East hostilities, international gold and silver prices have experienced significant increases. An on-site investigation at Shenzhen's Shuibei gold market revealed that local gold prices rose by nearly 30 yuan per gram overnight, representing a single-day increase of approximately 3%. A manager at a gold retail store noted that customer traffic was roughly half of the previous day's level, with most clients adopting a wait-and-see approach. As Middle East tensions ease and expectations for Federal Reserve interest rate cuts potentially rise, industry experts maintain a positive medium-term outlook for gold prices.

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