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04.09.26 - 11:06
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Can Hong Kong outshine Singapore as central banks rethink gold custody amid global risks? (SCMP)
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As the Netherlands moved gold out of the US and Canada over geopolitical concerns, attention is turning to whether Hong Kong can capitalise on central banks rethinking where they keep their bullion.
The city faces competition from Singapore, which is expected to launch central bank gold-vaulting services in October as part of efforts to cement its status as a gold trading hub in Asia.
Where central banks chose to store gold came down to three factors, said Iggy Ioppe, a Wall Street veteran with......
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04.09.26 - 08:01
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Gold: Goldman Sachs bleibt bullish! (Der Aktionaer)
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Goldman Sachs erwartet eine anhaltend starke Goldpreisentwicklung. Konkret rechnet die Investmentbank damit, dass sich der Goldpreis bis zum Jahresende auf 4.900 US-Dollar verteuern könnte – gegenüber dem aktuellen Niveau ein mögliches Plus von elf Prozent....
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03.09.26 - 21:51
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′Crisis Preparedness′: Dutch Move Billions In Gold Out Of US As Goldman Warns Of ′Geographic Concentration Risk′ (ZeroHedge)
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'Crisis Preparedness': Dutch Move Billions In Gold Out Of US As Goldman Warns Of 'Geographic Concentration Risk'
The Netherlands' central bank transferred nearly 90 metric tons of gold bars from the United States and Canada to Britain amid growing concerns of "increasing geopolitical unrest," according to CNBC.
"With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness," DNB Governor Olaf Sleijpen said of the development.
Roughly 25% of the gold reserves stored in New York and Ottawa were moved to London over the summer.
CNBC reports:
The transferred gold is now stored with the Bank of England because gold stored there must meet international trade standards and is recognized as "the world's most easily tradable gold," DNB said, adding that the move strengthens its "crisis preparedness."
By contrast, DNB said the gold bars ...
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