Core Viewpoint - The gold jewelry market in Shenzhen's Shui Bei is experiencing a surge in demand during the National Day and Mid-Autumn Festival holidays, particularly for wedding-related products, despite rising gold prices [1] Group 1: Market Trends - The Shui Bei market has seen a significant increase in foot traffic, with various shopping districts bustling with consumers [1] - Traditional wedding gold items such as dragon and phoenix bangles, "喜" character chains, and wedding rings remain the mainstay of sales [1] Group 2: Consumer Preferences - The rising gold prices have led to a growing popularity of 5D gold jewelry, which is favored by younger consumers due to its lightweight, three-dimensional design, and fashionable appeal [1]

Core Viewpoint - International gold prices surged, breaking the $3900 per ounce mark and reaching a new historical high, with significant increases observed in domestic gold jewelry prices during the holiday period [1][10]. Group 1: Gold Market Performance - On October 6, spot gold maintained a strong performance, surpassing $3900 per ounce, marking a new historical high, and achieving this milestone less than ten days after breaking the $3800 threshold [1][10]. - COMEX gold prices reached a peak of $3945.2, with a recent average price of $3925.0, reflecting a daily increase of 0.75% [2]. Group 2: Domestic Gold Jewelry Prices - During the holiday period, domestic gold jewelry prices continued to rise, with several brands, including Chow Sang Sang and Chow Tai Fook, reporting prices exceeding 1100 yuan per gram [4][5]. - Specific prices for gold bars and jewelry from various brands were noted, with prices for gold bars ranging from 979 yuan to 1119 yuan [5]. Group 3: Consumer Behavior and Market Trends - The Shenzhen Shui Bei gold jewelry market experienced a surge in consumer traffic, particularly for wedding-related products, with reports indicating that foot traffic doubled during the holiday [6][8]. - Traditional wedding gold items, such as dragon and phoenix bangles and wedding rings, remained popular, while 5D craft gold gained traction among younger consumers due to its lightweight and fashionable design [10]. Group 4: Factors Influencing Gold Prices - The recent rise in gold prices is attributed to increased concerns over U.S. government shutdowns, which have heightened fears regarding fiscal stability and pressured the dollar [10]. - Key drivers for gold prices include central bank purchases, real interest rates, inflation hedging demand, and the need to hedge against economic and political uncertainties [10]. - Forecasts suggest that gold may continue to rise, with predictions of prices reaching $4000 per ounce by mid-2026 and $4300 per ounce by the end of 2026, as indicated by Goldman Sachs [10].