Although recent conflicts in the Middle East have caused short-term volatility in gold prices, the medium- and long-term outlook remains positive as high geopolitical risks, increasing fiscal deficits, and continued buying by central banks will continue to support the price of the precious metal.

Gold hit the $4,000–$5,000 range, but volatility in the mid-30s to 40s shows it is no longer a calm haven. Central Banks, especially China, continue to buy steadily, giving long-term support to prices. Gold ETF flows can quickly move the market, making short-term swings more extreme.

[SMM Precious Metals Express] The People's Bank of China is scheduled to issue one 2026 Edition Chinese Dragon Silver Commemorative Coin on January 15, 2026. This silver commemorative coin is legal tender of the People's Republic of China. Domestically, the first batch of Chinese Dragon Silver Coins is expected to be available in March. Collectors can purchase them through the Gold Coin Cloud Business platform, offline retail stores, and cooperating financial institutions. For specific details, please refer to the China Gold Coin Network.