In the recent period of time, if you want to ask which investment product is the most popular, gold is undoubtedly one of the best, not only the gold price continues to rise, gold recycling tide also began to appear, in the face of large-scale changes in the gold market, what should we look at? Why does gold get so hot?

First, the surge in gold prices triggered a wave of gold recycling?

According to the China Times report, Mr. Li, who has been paying attention to the gold price in Shenzhen Shuibei in the past two years, sighed to the reporter of the China Times, "When I went to Shuibei in July last year, the gold price was only 360 yuan per gram, and the price was 460 yuan per gram when I went on August 21 some time ago, I missed the opportunity to buy bottom."

As the largest gold and jewelry trading center in China, Shenzhen Shuibei is like a "barometer" of the gold market. The reporter visited the Shenzhen Shuibei gold market and asked a number of gold shops to learn that the day's gold price was 472 yuan per gram. This also means that from July last year to September this year, gold prices rose by about 30%. It is worth mentioning that the sales of several gold stores in Shuibei pointed out to reporters that the gold price has fallen in the past two days, and the highest price of gold went to 480 yuan a gram.

September 2023 "Precious Metals Monthly" pointed out that due to the strong recovery of the US dollar, the price of gold fell to a five-month low of 1,885 US dollars/ounce on August 22. Although it rebounded quickly afterwards, gold encountered strong resistance at $1,950 an ounce by the end of the month. Gold prices fell again in early September, trading around $1,925 an ounce at the time of writing.