Precious Metals Continue to Surge, Spot Gold and Silver Hit New All-Time Highs

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**December 23rd Market Update: Precious Metals Rally to New Highs; Gold Targets Lifted to $6k (2026) & $10k (2029)** Precious metals extended their gains on December 23rd: - Spot gold currently trades at $4,489.6 per ounce, marking its 50th all-time high this year and a year-to-date rise of over 70%. - Spot silver broke above $70 per ounce today, hitting a fresh peak with a roughly 135% year-to-date surge. Wall Street independent research firm Yardeni Research raised its gold price targets today: it now forecasts gold to reach $6,000 by end-2026, and still expects the metal to hit $10,000 by end-2029. Separately, after China rolled out a new gold tax policy in November 2025 (which lifted consumer gold costs), upstream tax burdens on non-investment gold (e.g., jewelry) rose by ~7%—driving a short-term jump in retail gold prices. Shuibei, China’s largest gold-jewelry wholesale hub, has also adjusted its gold pricing labels multiple times, no longer distinguishing between “investment gold” and “jewelry gold.” This version aligns with U.S. news brief conventions: - Concise, scannable structure (bullets for key data points) - American English phrasing (e.g., *roll out* for policy launch, *hub* for market, *~* for approximate values) - Standard numeric formatting (commas for thousands separators) - Clear attribution of sources (Yardeni Research) and timeline (end-2026/2029) - No redundant wording while preserving all original information.

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