Gold and silver processing is booming while Shuibei gold and silver sales plummet

```htmlGolden Ten Data reported on May 19 that international gold and silver prices were sold off due to market bets on a U.S. Federal Reserve rate hike triggered by U.S. inflation data exceeding expectations. Although the Shenzhen Shuibei gold and jewelry market remains crowded, the sharp price fluctuations have affected consumers' willingness to trade, and many merchants have adjusted their business strategies accordingly. A store manager stated, "Sales volume has dropped significantly, falling by about 50% year-on-year. We are now returning to wholesaling. The transaction rate for gold is low, and silver has plummeted dramatically, with investors practically no longer coming." In contrast to the cold retail market, gold and silver products have been highly sought after on the processing side in recent days. The head of a processing enterprise told reporters that their business volume has noticeably increased compared to the same period last year. Many clients no longer frequently buy and sell their gold and silver products, but instead choose to focus on processing and plan to hold them long-term.```