Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-heaven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local…
Police have arrested four more suspects linked to a high-profile knifepoint robbery in Hong Kong following a joint cross-border operation, though the stolen gold bars remain missing. The force shared an update on its investigations on Monday, after a 36-year-old local man, carrying a backpack loaded with six gold bars weighing about 6kg (13.2lbs) and…
Gold can serve as a “potential bridge” between conventional and new forms of finance, Hong Kong’s treasury minister has said, highlighting the need for the city to provide more opportunities for the digital asset market to grow. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu also said on Wednesday that Hong Kong had…
At least gold glitters. Long before the first paper banknotes fluttered through the financial houses of Europe, the bustling markets of 11th century China birthed an unprecedented financial “innovation”: the use of paper currency. In the 1020s, burdened by the shortage of bronze coins and a rapidly expanding economy, merchants in the southwestern province of…
KINSHASA, April 28 (Reuters) – The United States said on Tuesday it is not funding any security units tasked with policing or guarding mines in Democratic Republic of Congo after Kinshasa announced plans to launch a paramilitary force to secure mining sites. Congo’s General Inspectorate of Mines (IGM) said in a statement on Monday that…
BAMAKO, April 26 (Reuters) – Sustained gunfire rang out in a garrison town near Mali’s capital on Sunday, a Reuters witness said, a day after an al Qaeda affiliate and Tuareg rebels carried out one of the largest coordinated attacks in the country in recent years. The gunfire in the town of Kati suggested that…
In a move that continues to underscore Beijing’s strategic shift away from U.S. dollar assets amid geopolitical tensions and diversification efforts, China has steadily reduced its holdings of U.S. Treasuries. The latest official data from the U.S. Treasury’s TIC report confirms China’s holdings stood at $693.3 billion at the end of February 2026, down slightly…
“CERTAINLY is at GOLD through May 3, 2026. Courtesy Serakai Studio As the art world urgently searches for fresh commercial and institutional models to respond to the shifting tastes and behaviors of younger audiences, a new art space launching during Hong Kong’s Art Week is already showing the potential to operate differently—even before opening the…
(Bloomberg) — Gold headed for the biggest weekly loss in six years, as war in the Middle East boosted energy and reduced expectations for rate cuts. Bullion traded near $4,685 an ounce, down almost 7% this week, the most since March 2020. Soaring crude, natural gas and fuel prices triggered by the conflict are raising…
Rising gold prices amid the Middle East war have boosted trade in the precious metal in Hong Kong, with residents lining up to sell valuables for cash and retailers reporting that twice as many people are buying bars and pellets. Spot gold stood at US$5,165 per ounce on Thursday, below January’s peak of US$5,594.82, but…