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Hong Kong residents are selling gold at record levels as prices hit $4,000/oz, driven by global uncertainty and demand for cash.
Hong Kong residents are selling gold jewelry and heirlooms at record levels as global gold prices surpassed $4,000 per ounce for the first time in 2025, fueled by economic and geopolitical uncertainty.
At major buyback shops like Chong Kee Gold, long lines formed as people cashed in decades-old assets, including family heirlooms and inherited gold, to fund personal goals like emigration.
The surge in sales reflects growing confidence in gold as a safe-haven investment amid global instability, with some transactions exceeding HK$400,000.
Despite high demand, buyers still outnumber sellers in some markets, and many are exchanging old pieces for new designs.
Los residentes de Hong Kong están vendiendo oro a niveles récord a medida que los precios alcanzan los $4,000/oz, impulsados por la incertidumbre global y la demanda de efectivo.