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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
Members of the Chinese Gold & Silver Exchange Society voted to turn the city’s 114-year-old gold bourse into a corporation. Photo: Shutterstock
Banking & finance

Local bullion bourse restructures to become Hong Kong Gold Exchange

Friday vote will turn Chinese Gold & Silver Exchange Society into a corporation called Hong Kong Gold Exchange.

Stocks

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

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Style Edit

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

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’s Airport Authority has unveiled plans to expand the capacity of its gold vault from 150 tonnes to 1,000 tonnes. Photo: Shutterstock
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 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.

Photo: Shutterstock
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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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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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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Customers shopping for gold Tsim Sha Tsui, Hong Kong in March 2024. Photo: Jelly Tse
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.

Strong buying by gold exchange-traded funds in China and elsewhere is a factor in the rise. Photo: Dreamstime/TNS
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.

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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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’s gold markets have been inundated with buyers eager to put their money into stable investments. Photo: Bloomberg
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.

Gold bars and coins lie in a safe at the precious metal dealer Pro Aurum in Munich. Photo: DPA
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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