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Shenzhen Gold Market Retail Sales Halved as U.S. Inflation Data Triggers Price Selloff on May 19

GateNews

2026-05-19 10:43:54

According to Jin10 Data, on May 19, retail gold and silver sales at Shenzhen's Shuibei jewelry market fell sharply amid a price selloff triggered by U.S. inflation data exceeding expectations and renewed speculation about Federal Reserve rate hikes. A store manager reported year-on-year sales declined by approximately 50%, with silver experiencing a "cliff-like drop" as investment customers largely retreated from the market. In contrast, the precious metals processing sector saw significant growth, with customers shifting from frequent buying and selling to consolidating holdings for long-term ownership.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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