Beijing Caishikou Department Store (SH:605599) Mei Ri Jing Ji Xin Wen·2026-02-03 06:16Group 1 - The recent fluctuations in spot gold prices have been significant, with a peak of $5598.75 per ounce on January 29, followed by a drop to $4402.06 per ounce on February 2, marking a decline of 21.37% within three days [1] - As of February 3, spot gold prices rebounded to $4815 per ounce, reflecting an increase of approximately 3.36% [1] Group 2 - Many investors are opting to sell gold bars or jewelry due to the rapid price decline, with reports of long queues at buyback counters, indicating a high level of selling activity [3][5] - On February 2, around 200 people were reported to be waiting at the buyback counter at a major gold retailer in Beijing, highlighting the urgency among investors to liquidate their holdings [3] - The buyback price for gold bars was approximately $1060 per gram, with a total of about 33 kilograms repurchased on February 1 [7] Group 3 - Despite the selling pressure, there is also a notable interest in purchasing gold, with many customers actively buying investment gold bars during the price drop [8][10] - A young investor shared plans to increase their gold purchases significantly this year, indicating a potential shift in investment strategies among some market participants [10] Group 4 - Experts suggest that the decision to sell or hold gold should depend on individual investment strategies, with short-term traders advised to consider risk management while long-term holders may not need to panic [13] - The current price drop is viewed as a technical correction rather than a fundamental shift, with ongoing support factors for gold prices, such as a weak dollar and declining global interest rates [14]