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Shenzhen Cracks Down on Gold Market Hype Amid Volatility

2/14/2026

24 3 Full Breakdown

Summary

Story summary

Shenzhen authorities, via ten government departments, warned gold market operators not to use slogans like "get rich by buying gold" to protect consumers and stabilize the market after two trading platforms collapsed amid volatility.
Operators are prohibited from illegal trading practices and from making exaggerated claims about gold prices.
Gold prices surged above US$5,400 per ounce, then fell more than 9%, before recovering to around US$4,969.

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Story summary

Shenzhen authorities, via ten government departments, warned gold market operators not to use slogans like "get rich by buying gold" to protect consumers and stabilize the market after two trading platforms collapsed amid volatility.
Operators are prohibited from illegal trading practices and from making exaggerated claims about gold prices.
Gold prices surged above US$5,400 per ounce, then fell more than 9%, before recovering to around US$4,969.