Gold prices have surged past 1,400 CNY, marking a significant increase in the market. The recycling price has also risen to 1,000 CNY per gram, up from 900 CNY in October. This increase has led to a short-term spike in recycling volumes, according to Mr. Chen, a veteran in the gold recycling industry. Despite the initial surge, the market has since stabilized. The fear and greed index, a key indicator for both traditional and crypto markets, continues to show mixed signals, reflecting ongoing market uncertainties.