Precious metals continue to rise, Spot gold and silver set new historical highs.

2025-12-23 14:00:58

On December 23, according to market data, precious metals continue to rise, with Spot gold currently reported at 4489.6 USD/ounce, having refreshed its historical high 50 times this year, with an increase of over 70% for the year. Spot silver today broke through 70 USD/ounce, continuing to set historical highs, with an increase of about 135% for the year. Wall Street independent investment research firm Yardeni Research today raised its gold price target for next year, increasing the target for the end of 2026 to 6000 USD/ounce, and also expects gold prices to reach 10000 USD/ounce by the end of 2029. Additionally, after China announces the new gold tax policy in November 2025, the cost of consumption 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', with today's Shuibei jewelry gold price reaching 1118-1125 CNY/gram.

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