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Gold in Hong Kong

Gold in Hong Kong
The latest news, analysis and opinion on Gold in Hong Kong. In-depth analysis, industry insights and expert opinion.
last updated:
2 October, 2024
People crossed the street in Taipei. Photo: EPA-EFE
Family offices

Family offices to favour Taiwan, India and US in 2025; may boost China exposure

UBS says wealthy clients have their eyes on China markets due to stimulus measures.

Banking & finance

Gold could hit US$3,000 in 2025 amid continuing bull run

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Banking & finance

Local bullion bourse restructures to become Hong Kong Gold Exchange

Stocks

Laopu Gold outshines Chow Tai Fook as China’s top jeweller with 437% stock surge

The Beijing-based ‘old shop’ jeweller’s unique luxury strategy draws comparisons with Cartier and Tiffany.

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Beijing-based Laopu Gold’s shares have surged in Hong Kong this year. Photo: SCMP Pictures
Style Edit

Style Edit: King Fook Jewellery celebrates 75 years with a HK$1.8m lucky draw

The exhibition showcased the brand’s commitment to quality and craftsmanship through traditional and contemporary designs embodying the spirit of good fortune.

Banking & finance

How Hong Kong can compete with Singapore, Dubai in gold trading

Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.

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Hong Kong economy

Gold and other commodities markets can drive Hong Kong’s growth: finance chief

Paul Chan notes city is strategically located between mainland China and India – two large consumer markets for gold.

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Hong Kong is hoping to become a global gold trading hub to spur economic growth. Photo: Xiaomei Chen
Hong Kong economy

Opinion | How John Lee’s policy address sets Hong Kong up for success

Aiming to boost economic competitiveness, Lee’s third policy address embraces the city’s strong fundamentals and potential areas for growth.

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Hong Kong economy

Editorial | Speed of essence in Hong Kong push to be gold, commodities hub

Chief Executive John Lee Ka-chiu has set out several measures aimed at consolidating Hong Kong’s position as an international financial centre.

John Lee policy address 2024

Hong Kong must build up global gold trade amid competition from Singapore: John Lee

Chief executive calls for immediate action to build from ‘low base’, keep up with Singapore’s launch of vault with 500-tonne gold depository.

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Hong Kong has a vault that can store 150 tonnes of gold bullion, but Chief Executive John Lee has called for the city to increase its capacity. Photo: Shutterstock
Banking & finance

Macroscope | Gold is still the safe haven of choice in Asia and beyond

The gold price coming adrift from traditional anchors points to deep uncertainty about the world and concern for the global monetary system.

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A worker handles ABC Bullion 1kg gold bars at the ABC Refinery smelter in Sydney, Australia. The price of the precious metal has surged to a record US$2,500 for a single ounce in recent weeks. Photo: Bloomberg
Commodities

Gold bulls rejoice as Fed’s September rate-cut signal reinforces bets on rally

Gold may still extend its record-setting run, with Fed Chair Jerome Powell’s Jackson Hole speech on Friday seen as a watershed moment for bullion.

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Banking & finance

Gold soars to record high as central banks stockpile amid rate-cut bets

Citigroup says the metal could be headed for US$3,000 per ounce next year after hitting US$2,531.75 overnight.

Banking & finance

Asia-Pacific goldbugs fly as political, economic uncertainties swirl

Investors across the Asia-Pacific region are turning to gold, lured by its diversification and haven benefits at a time of uncertain economic growth and rising geopolitical risks.

An employee shows gold bullions at Degussa shop in Singapore June 16, 2017. Photo: Reuters
Investing

Shining example: how China is propelling gold’s record-breaking rally

Wars in the Middle East and Ukraine, and continuing lower US interest rates have burnished gold’s billing as an investment, but it is the unrelenting Chinese demand that is juicing the rally.

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Visitors check out gold ornaments at the fourth China International Consumer Products Expo in Haikou, capital of China’s southern Hainan province on April 17, 2024. Photo: Xinhua
China economy

All that glitters: China’s gold markets become haven for horde of eager buyers

Gold markets in China have been inundated with a throng of new buyers, looking to put their money into a commodity which has skyrocketed in value as other investments have lost their lustre.

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China stock market

China’s latest investment frenzy sparks wild swings in gold ETF

Yield-hungry Chinese investors are flocking to pockets of strength as property woes, volatile stocks and falling deposit rates reduce their options.

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Banking & finance

HSBC launches tokenised gold for customers in Hong Kong amid digital assets push

HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more digital assets to be rolled out for public use.

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HSBC Gold Token, available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC. Photo: SCMP Handout
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