BlockBeats News, December 23rd, according to market data, precious metals continue to rise, with spot gold currently at $4489.6 per ounce, hitting a historical high for the 50th time this year, with a year-to-date increase of over 70%. Spot silver broke through $70 per ounce today, hitting a new high, with a year-to-date surge of about 135%. Wall Street independent investment research firm Yardeni Research raised its gold target price for next year today, raising the target for the end of 2026 to $6000, and still expects the price of gold to reach $10000 by the end of 2029.Furthermore, after China announced a new gold tax policy in November 2025, increasing the cost of consumer gold, the upstream tax burden on non-investment gold (such as jewelry) increased by about 7%, leading to a short-term rise in retail gold prices. The price labeling method of gold in Shuibei, the largest gold and jewelry wholesale market in China, has also undergone multiple adjustments, no longer distinguishing between "investment gold" and "jewelry gold."