AGS decided to extend the Winter Convergence event until January 25th at midnight PST.
Make sure to open all your presents/gifts before this time period as they will disappear from your inventory and storage spaces. Additionally make sure to purchase any of the event items you want before it ends as some of these items may never come back again...
If you are not familiar with the event check out our guide
This should help players push their Gear Score levels a bit more before the upcoming 625 expertise increase that will be coming soon. (Maybe save some Gypsum?)
Information from New World's Forum post