🚹 China Ends Long-Standing Gold Tax Perk! 🇹🇳💰

Big policy shift from China’s Ministry of Finance — starting Nov 1, 2025, gold retailers will no longer be allowed to offset VAT on gold purchased via the Shanghai Gold Exchange (SGE). This includes bars, coins, jewellery, and industrial gold.

💡 Why This Matters:

❌ Ends a key tax break that helped keep gold prices lower for Chinese buyers.

📉 Could raise retail gold costs and slow down consumer demand in the short term.

🇹🇳 Seen as a fiscal tightening measure as China faces weaker growth and property challenges.

🌍 As one of the world’s biggest gold markets, this move may impact global bullion prices and demand.

Traders are watching closely — any dip in Chinese demand could shake gold-linked assets worldwide.

📊 Market Snapshot:

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đŸ”„ $SOL: 183.5 â–Œ -1.48%

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