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19.08.26 - 05:30
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Hong Kong Gold Exchange taps tech strength in joint venture to power gold settlement (SCMP)
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The Hong Kong Gold Exchange (HKGX) and TGX Technology have launched a joint venture to build a “secure, stable and internationally competitive” gold trading and clearing platform, as the city pushes to become a gold trading hub.
Hong Kong Gold Exchange Trading System (HKGXTS) would draw on technology partners, including Alibaba Cloud – which backs TGX Technology – and Hundsun Technologies, to deliver the platform, according to a statement issued on Tuesday. Alibaba owns the South China Morning......
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18.08.26 - 23:54
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Gold Falls as Traders Weigh US Inflation (Bloomberg)
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Gold valuation platform Unvault estimates that American households are sitting on $750 Billion worth of gold, largely in the form of unworn jewelry. The company says consumers consistently underestimate their jewelry's spot value by 3x or more because pieces purchased prior to 2010 have more than tripled in value. CEO Nidhi Singhvi joins Businessweek Daily to discuss how her business is being boosting by higher gold prices in 2026. (Source: Bloomberg)...
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