BlockBeats news, on December 23, according to market data, the rise of precious metals continues, spot gold is currently quoted at 4489.6 USD/ounce, with 50 historical highs this year, and an increase of over 70% year-to-date. Spot silver today broke through 70 USD/ounce, continuing to set historical highs, with an increase of about 135% year-to-date. Wall Street independent investment research firm Yardeni Research today raised next year's gold price target, increasing the target for the end of 2026 to 6000 USD, and still expects that by the end of 2029, the gold price will reach 10000 USD.
In addition, after China's announcement of new gold tax policies in November 2025, the cost of consumer gold will rise, with the upstream tax burden on non-investment gold (such as jewelry) increasing by about 7%, leading to a short-term rise in retail gold prices. The pricing method for gold in Shenzhen Shuibei, the largest gold jewelry wholesale market in China, has also undergone multiple adjustments, no longer distinguishing between 'investment gold' and 'jewelry gold'.
