By launching a gold-clearing system in the next couple of months, Hong Kong is set to secure first-mover advantage in a push to become Asia’s preeminent hub for bullion trading.
China’s Guangzhou Futures Exchange is exploring launching night trading, primarily for platinum and palladium contracts, in response to trader feedback, according to people familiar with the matter.
Gold fell to a two-month low as clashes between the US and Iran risked derailing peace talks and kept inflation risks high, while a stronger dollar also weighed on the precious metal.
A one kilogram gold bar displayed at an ABC Bullion store in Sydney, Australia, on Tuesday, Oct. 21, 2025. Gold held near a record high, finding support despite optimism global trade tensions are easing and hopes the US government will reopen soon. Photographer: Brendon Thorne/Bloomberg
Gold and other precious metals pared big losses in choppy trading conditions after data showed a fast rise in overall US consumer prices, but a more subdued gain in core inflation.
A gold bar at the Royal Canadian Mint in Ottawa, Ontario, Canada, on Monday, May 11, 2026. A strong run-up in gold prices has driven a surge in Canadian exports of precious metals, which rose by 70% between December 2024 and March 2026, according to customs-based data. Photographer: David Kawai/Bloomberg
Gold fluctuated after hitting the lowest since November, following a fresh round of US strikes against Iran that raised the stakes in a war that has roiled global markets and stoked inflation.
Gold sheets at the Polish mint, also known as Mennica Polska SA, in Warsaw, Poland, on Thursday, Feb. 12, 2026. Poland’s central bank, the world’s biggest reported buyer of gold, is boosting purchases by another 150 tons as it braces for more of the geopolitical instability that has driven prices to record highs. Photographer: Damian Lemanski/Bloomberg
Gold resumed declines as traders focused on the prospect of prolonged energy-market tightness despite Israel and Iran agreeing to end attacks and as some investors reacted to negative technical signals.
Login
