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Gold prices continue to decline, and more consumers are cashing in on gold.
Golden Ten data, November 12th news, affected by factors such as the continuous strengthening of the US dollar, the international gold price continues to decline. On November 12th, the price of Shuibei gold was 611 RMB/gram, and a week ago, the highest gold price exceeded 630 RMB/gram. Shuibei merchants stated that the decrease in gold prices did not bring about a pump in gold sales, and consumer wait-and-see sentiment intensified. In terms of recycling, many businesses indicated a significant concentration of dumping in recent days. There has also been a significant increase in consumers wanting to cash in on gold.