Hong Kong Gold Exchange leader forecasts rising gold prices and trading volume in 2025
scmp.com —
The chairman of the Hong Kong Gold Exchange (HKGX) predicts that gold prices and trading volume will increase in the upcoming lunar year. He expects prices to test US$3,000 per ounce, driven by geopolitical tensions and anticipated interest-rate cuts. In the previous lunar year, gold prices rose 35%, reaching HK$25,600 per tael. The international gold price also hit a record high of US$2,790.07 per ounce in October. HKGX aims to enhance its role in Hong Kong's commodities market. HKGX transitioned from a club to a corporation at the end of last year and began operating under its new name on January 1. The exchange is focusing on expanding its influence in the region.