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04.05.26 - 08:48
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Gold rush: Hong Kong sees sudden jump in bullion imports from Dubai amid US-Iran war (SCMP)
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Gold imports and trading have surged in Hong Kong recently as merchants and investors from the Middle East and Russia move their holdings from Dubai to the city amid the regional war, according to the Hong Kong Gold Exchange (HKGX).
Since early April, some gold merchants from these regions have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent to the market price, said Haywood Cheung Tak-hay, chairman of HKGX.
“The discounted sales were a result of the US-Israel war with......
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