GOLD’S PRICE POTENTIAL STILL ‘EXPLOSIVE’ AMID BEIJING HOARDING, HONG KONG TRADING PUSH
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| Source | Latest linked headline | Age |
|---|---|---|
| News - South China Morning Post | GOLD’S PRICE POTENTIAL STILL ‘EXPLOSIVE’ AMID BEIJING HOARDING, HONG KONG TRADING PUSH | 2 hrs ago |
WHAT HAPPENED
Gold prices have “explosive” upside potential, according to analysts, boding well for Hong Kong’s ambitions as a trading hub as Asian central banks continue to have a voracious appetite for stockpiling bullion. Supporting the outlook, Beijing – which has added to its gold reserve for 20 straight months – wants to better connect the Shanghai Gold Exchange to Hong Kong, and the South Korean central bank plans to buy gold for…
News - South China Morning Post reports that gold prices have “explosive” upside potential, according to analysts, boding well for Hong Kong’s ambitions as a trading hub as Asian central banks continue to have a voracious appetite for stockpiling bullion.
The report adds: Supporting the outlook, Beijing – which has added to its gold reserve for 20 straight months – wants to better connect the Shanghai Gold Exchange to Hong Kong, and the South Korean central bank plans to buy gold for…
“Gold remains in an explosive phase of the...
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