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Hong Kong Expands Gold Trade with Mainland China as Prices Hit Record $5,000

Hong Kong Expands Gold Trade with Mainland China as Prices Hit Record $5,000

Author:

Global Cryptocurrency

Published:

2026-01-26 14:10:01

17

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BTCCSquare news:

Hong Kong is set to broaden its bullion trade following a cooperation agreement with the Shanghai Gold Exchange, signed during the Asian Financial Forum. The partnership aims to establish a centralized precious metals clearing infrastructure, with technical and regulatory support from mainland China.

Gold prices surged past $5,000 per ounce for the first time, extending a 60% rally in 2025. The new Hong Kong Precious Metals Central Clearing Co., backed by China's central bank, will streamline gold transactions in the city, with trial operations expected later this year.

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