Group 1 - The Ministry of Finance and another department have announced the cancellation of tax incentives for certain retailers in the gold market, leading to a drop in spot gold prices below $4,000 per ounce, which may weaken gold demand and exert new pressure on a market that recently reached historical highs [1][4] - The new policy, effective until the end of 2027, retains tax exemptions only for members of the Shanghai Gold Exchange and the Shanghai Futures Exchange, including major banks, refiners, and processors, while ordinary retailers will lose these tax benefits [1][4] Group 2 - As of now, spot gold has decreased by 0.3% to $3,990 per ounce, while the Bloomberg Dollar Spot Index remains nearly unchanged. Silver prices have fallen, whereas platinum and palladium have seen slight increases [5] - Despite the recent price correction, gold prices have risen over 50% year-to-date, driven by a surge in retail investor demand, and many fundamental factors supporting gold prices, such as central bank demand and the search for safe-haven assets, are expected to persist [5]
老铺黄金盘中跌超8%!中国税收优惠结束,黄金跌破4000
Sou Hu Cai Jing·2025-11-03 02:55