China’s central bank is increasing gold stockpiles in Hong Kong, a step likely to bolster the city’s ambition to become a major global bullion-trading hub. While the report doesn’t give specific tonnage, the move is supportive for gold liquidity/flow and reinforces demand-side momentum in the physical market.
China’s central bank is increasing gold stockpiles in Hong Kong, a step likely to bolster the city’s ambition to become a major global bullion-trading hub. While the report doesn’t give specific tonnage, the move is supportive for gold liquidity/flow and reinforces demand-side momentum in the physical market.
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