Shanghai residents offload their gold as prices surge to record highs

South China Morning PostCenter-RightEN 1 min read 100% complete by Johnny WanJanuary 30, 2026 at 11:11 AM

AI Summary

short article 1 min

Shanghai residents are selling their gold as prices have reached record highs. This trend emerged in Shanghai due to economic and geopolitical uncertainties driving up the value of the precious metal. The article, published on January 30, 2026, highlights the rush to capitalize on the increased gold prices. However, the article also notes that gold prices experienced a 4% slump on Friday, January 30. The video accompanying the article shows Shanghai residents cashing in on the surge.

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China 60% Gold ×570% Shanghai ×590%

Keywords

gold prices 100% record highs 80% shanghai residents 70% offload gold 70% geopolitical uncertainties 60% economic uncertainties 50% precious metal 40%