Gold Tag

15 Apr HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

Posted at 00:00h in Asia

Hong Kong’s largest commercial bank, HSBC, plans to expand its line-up of tokenised assets so its customers can enjoy the benefits of such digital products, but will make sure these offerings are grounded in reality, according to the bank’s CEO. It intends to steer away...

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14 Apr China’s gold markets under strain as horde of new buyers hunts for stable investment

Posted at 00:00h in Asia

April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle...

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08 Apr China’s latest investment frenzy sparks wild swings in gold ETF

Posted at 08:00h in Asia

An exchange-traded fund (ETF) that owns gold companies has become the latest target of frenzied trading in China as investors pile into corners of the market seen as resilient to the country’s economic challenges.Trading for the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF was halted...

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27 Mar HSBC launches tokenised gold for retail customers in Hong Kong as government pushes for publicly accessible digital assets

Posted at 02:28h in Asia

Tokenised gold assets are not a new concept – they surpassed US$1 billion in value globally in 2023, according to CoinGecko, a platform that tracks the industry.‘We are proud that HSBC Gold Token, powered by HSBC Orion, is the first retail product in Hong Kong...

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14 Mar Opinion | Bitcoin’s problems remain despite its remarkable staying power

Posted at 08:30h in Asia

Nearly half these gains have occurred since the beginning of this year. On January 10, the United States Securities and Exchange Commission (SEC) provided a major fillip to cryptoland by approving applications by a dozen or so firms, including Wall Street giants such as BlackRock...

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12 Feb Year of the Dragon: ‘dragon baby’ frenzy to drive up gold jewellery sales by 30%, gold prices to hit record highs, industry players say

Posted at 04:30h in Asia

“The dragon is the superstar among the 12-animal Chinese zodiac, representing power and strength.”The dragon is the only mythical creature in the Chinese zodiac, and having a child in the Year of the Dragon is considered a blessing. Dragon babies tend to be associated with...

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31 Jan Gold demand to hit record with central-bank buying and Federal Reserve rate cuts, WGC says

Posted at 09:34h in Asia

Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve moves towards cutting interest rates, potentially aiding prices, according to the World Gold Council (WGC).Overall consumption expanded about 3 per cent to 4,899 tons last...

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02 Jan Opinion | 3 reasons the outlook for gold could glitter in 2024

Posted at 07:30h in Asia

Based on historical correlations between gold and the US 10-year treasury yield, gold would have been expected to fare much worse than it did over this period. Instead, the gold market was steadied by record central bank gold purchases, increased market volatility and geopolitical turmoil.As...

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31 Dec Gold heads for first annual gain since 2020 as traders bet US Fed will dial back interest rates in 2024

Posted at 09:52h in Asia

Concerns around recession risks also boost the case to own debt, with traders betting global central bankers may have to aggressively cut rates to bolster growth. Such views have seen bullion gain nearly 13 per cent since October 6 amid declines in Treasury yields and...

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