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A pure gold decorative fan ornament at the Jewellery & Gem World Hong Kong fair at Hong Kong Convention and Exhibition Centre on Wednesday. Photo: Kit Lai
World Gold Council

As China’s consumption of gold jewellery slumps 34%, sellers pivot abroad: WGC

Domestic gold jewellers are seeking to leverage advanced crafting techniques as market sees turbulence, says World Gold Council executive.

China energy security

China’s crude imports are rising again. What will that mean for oil prices?

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Gold in Hong Kong

Exchange Fund may buy more gold to support Hong Kong’s trading hub ambitions

Gold in Hong Kong

Gold rebounds after Fed rate rise as banks back long-term demand outlook

Investment banks say central bank purchases and demand from China and India should support bullion prices.

Gold prices have soared over the past couple of years amid rising geopolitical tensions and concerns over US debt levels. Photo: Shutterstock
Gold prices have soared over the past couple of years amid rising geopolitical tensions and concerns over US debt levels. Photo: Shutterstock
China consumption

Gold jewellery loses its lustre as Chinese switch focus to bars and coins

High prices and decline in marriages cited as reasons for one-third drop in jewellery sales in first half of year.

Commodities

Bullish chorus grows: Wall Street backs gold despite US job growth, hawkish Fed

Record buying spree by central banks offsets Fed tightening fears, pushing gold towards US$5,000 by year-end, investment banks forecast.

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Gold in Hong Kong

How Hong Kong can cash in as reserve managers rethink where to store gold

City in race to lure bullion custody as geopolitical risks intensify scrutiny of gold storage, Goldman Sachs report says.

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Where central banks store gold appears increasingly a growing priority for reserve managers, according to a Goldman Sachs report. Photo: Getty Images
Where central banks store gold appears increasingly a growing priority for reserve managers, according to a Goldman Sachs report. Photo: Getty Images
Commodities

Why younger investors worldwide are stashing physical gold despite price swings

Gen Z buyers are driving demand for bullion, spurred by geopolitical tensions, inflation and the appeal of owning gold outright.

PetroChina

PetroChina’s first-half profit jumps 22% despite Iran war oil supply crunch

As LNG and EV adoption bite into traditional fuel sales, higher global crude prices help the state-backed giant deliver strong earnings.

Gold in Hong Kong

In Focus | Hong Kong is trying again to be a gold trading hub. Will it succeed this time?

De-dollarisation tailwinds, ecosystem buildout and mainland China’s support plus foreign backing give city’s ambitions credible momentum.

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Illustration: Dennis Yip
Gold in Hong Kong

Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults

While monthly shipments cool from record highs, banks and logistics giants are racing to secure physical space for the city’s rising bullion trade.

Hong Kong recently launched a trial of a centralised gold clearing and settlement system, part of broader efforts to strengthen its bullion ecosystem. Photo: Shutterstock
Hong Kong recently launched a trial of a centralised gold clearing and settlement system, part of broader efforts to strengthen its bullion ecosystem. Photo: Shutterstock
Yuan

How a China gold vault network could promote the yuan’s international reach

By anchoring yuan trades to gold through Hong Kong and new global vaults, Beijing will add convertibility to its currency, report says.

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US Federal Reserve

US Treasury bond buy-back reinforces gold debasement trade ahead of Jackson Hole

Treasury buy-backs bolster gold’s rally as investors await US Federal Reserve’s annual meeting at Jackson Hole.

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Gold in Hong Kong

HKEX gold futures smash delivery record as US sanctions reshape trade

The milestone more than doubles the previous peak recorded in 2018.

Hong Kong has introduced a range of measures in recent years aimed at turning the city into a major gold trading centre. Photo: Getty Images
Banking & finance

Hong Kong taps tech strength in joint venture to power gold settlement

Alibaba Cloud among partners chosen to create a platform for Hong Kong’s gold clearing and settlement system next year.

Gold bullion bars. Photo: AP
Gold bullion bars. Photo: AP
Banking & finance

Reduce your exposure to US assets before they lose value, Swiss bank warns

Swiss private bank says structurally high inflation and government deficits will erode value of US dollar and Treasuries over the next decade.

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Gold in Hong Kong

Why Fed moves trump geopolitical risks, China gold buying in analysts’ forecasts

Bullion forecasts have softened, LBMA’s survey shows, despite the World Gold Council reporting unprecedented demand in second quarter.

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Gold in Hong Kong

Gold’s price potential still ‘explosive’ amid Beijing hoarding

Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says.

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South Korea’s central bank announced earlier this week that it would end a 13-year hiatus on gold purchases. Photo: Reuters
South Korea’s central bank announced earlier this week that it would end a 13-year hiatus on gold purchases. Photo: Reuters
Commodities

China’s commodities footprint guards against global energy shocks: Goldman Sachs

Analysts at investment bank say Beijing has become de facto ‘volatility arbiter’ for global commodity markets.

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Banking & finance

China’s CIPS to become settlement norm in Mongolia within 2 years: Golomt Bank

Six months after Golomt adopted the technology, 96 per cent of yuan payments moved from Swift to China’s payment system, the bank says.

Electric & new energy vehicles

Rising raw material costs hit Chinese carmakers’ profit margins, price war plans

Net earnings from the sale of a 100,000 yuan car now stand at just 1,500 yuan, according to China Association of Automobile Manufacturers.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, Shandong province, last month. Photo: AFP
China’s private sector

Meet Yu Donglai, founder of China’s viral supermarket chain and premier’s guest

Yu’s company has caught the public’s attention for its business practices and high-quality goods.

Yu Donglai (centre) CEO of Chinese supermarket chain Pangdonglai. Photo: Sohu
Yu Donglai (centre) CEO of Chinese supermarket chain Pangdonglai. Photo: Sohu
China’s private sector

What would 200% US tariffs on generic drugs mean for China’s pharmaceutical industry?

Analysts say that China’s pivot from generics to innovative drugs means the industry is less exposed to US levies.

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Commodities

China’s resources deals turn gold mines into – gold mines

Chinese gold producers, after a buying spree for mines abroad, are cashing in as the metal’s price goes sky-high.

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China’s private sector

Are diamonds over? Chinese gem lab cashes in as world embraces artificial stones

Lab-grown diamond maker Power Diamond sees profits triple as De Beers warns of ‘protracted’ challenges in natural stone market.

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Demand for natural diamonds has slumped as consumers opt for cheaper lab-grown stones. Photo: Shutterstock
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