On December 22nd, Andrei Grachev, a partner at DWF Labs, wrote that DWF Labs has just completed its first physical gold transaction. This is a test transaction of 25kg gold bars, and everything is going well. DWF Labs is expanding its business and plans to trade physical silver, platinum and cotton in the future. The vision is to capture a significant share of the RWA market.
The Bank of Thailand: It will attempt to regulate online gold transactions.
The Singapore-based subsidiary of the Hong Kong Gold Exchange (HKGX) has issued a digital gold token, Gold Zip (XGZ), according to Credit Suisse. HKGX said each token is backed by physical gold held in accredited vaults, primarily in Hong Kong.
According to reports, ICBC plans to set up a vault at Hong Kong airport and expand its precious metals trading team in Hong Kong, in a bid to activate the city's gold trading vitality and help create a global gold trading and clearing center. Click to view...
Shanghai Gold Exchange Gold T + D closed down 4.55% at 944.47 yuan/gram on the evening of October 21 (Tuesday); Shanghai Gold Exchange Silver T + D closed down 4.86% at 11261.0 yuan/kg on the evening of October 21 (Tuesday).
On October 16th, the Shanghai Gold Exchange issued a notice: Recently, there have been many factors affecting market instability, and international precious metal prices have fluctuated violently. All members are requested to raise their awareness of risk prevention, continue to make risk emergency plans, and maintain the smooth operation of the market. At the same time, investors are reminded to do a good job in risk prevention, reasonably control positions, and invest rationally.
Interest rate cut bets and geopolitical uncertainties are heating up, gold prices continue to trade at high levels, and gold trading continues to heat up.
Li Jiachao, Chief Executive of the Hong Kong Special Administrative Region, has promoted Hong Kong to become an international gold trading market; expanded gold storage, and built a regional gold reserve hub with the goal of exceeding 2,000 tons in three years.
On September 17, the Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, delivered the 2025 Policy Address in the Legislative Council. Li Jiachao said that he will accelerate the establishment of an international gold trading market. Specific measures include promoting the Airport Authority of Hong Kong (AA) and the Financial Institution Group to expand gold storage in Hong Kong, with the goal of exceeding 2,000 tons in three years, and building a regional gold reserve hu...
On April 21, the price of precious metals has fluctuated sharply recently. All members are requested to raise their awareness of risk prevention, continue to make risk emergency plans, and maintain the smooth operation of the market. At the same time, investors are reminded to do a good job in risk prevention, reasonably control positions, and invest rationally.