Hong Kong Gold Exchange: Gold prices slightly adjust and are expected to challenge $6,000 in the second and third quarters

2026-02-23 02:37:41

Abstract generation in progress

The Zhitong Finance APP has learned that Hong Kong Gold Exchange Chairman Zhang Dexi stated during the Lunar New Year opening ceremony at the Hong Kong Gold Exchange that recent tensions between the US and Iran have driven gold prices higher. Gold prices have already established a solid foundation over the past period, rising from over $3,000 per ounce to more than $5,000. Currently, gold remains in the early to mid-stage of a bull market. If a war ultimately occurs, gold prices may experience a slight correction but will likely rise again, with a strong chance of challenging $6,000 per ounce in the second or third quarter.

He also mentioned that the Shanghai Gold Exchange’s participation in the newly established Hong Kong Gold Central Clearing System will help improve delivery reliability. In the future, the interconnectedness of the gold markets between Mainland China and Hong Kong is imminent. He believes that the central clearing system established by the Hong Kong government will help reduce gold trading costs and enhance stability and security.

Additionally, to align with the Hong Kong government’s policy of developing an international gold trading center and to strengthen trade, trading, and logistics connections with the international gold industry, it was announced that they have officially partnered with Alibaba (09988) subsidiary Yabo Technology to develop an international precious metals trading platform, clearing and settlement system, and a digital commodities blockchain.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes