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03.07.26 - 04:24
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Hong Kong to launch long-awaited gold clearing and settlement system next week: sources (SCMP)
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Hong Kong will launch a long-awaited gold clearing and settlement system next week, making a giant stride towards being an international price-setter for the key precious metal, according to two sources with knowledge of the matter.
The authorities plan to process the first gold settlement through the new system on Tuesday, one source told the South China Morning Post.
“We have seen a lot of gold leave London, the US and Europe, and large bars have been flown into Asia in anticipation of this,”......
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