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flag Hong Kong and Shanghai launch 2026 gold clearing system to strengthen hub status amid record prices and rising demand.

flag Hong Kong has signed a deal with the Shanghai Gold Exchange to launch a central gold clearing system in 2026, aiming to boost its role as a regional gold hub amid record prices above $5,100 per ounce. flag The initiative, part of broader efforts to expand storage capacity to over 2,000 metric tons within three years, will improve transaction efficiency, reduce costs, and support physical gold redemption. flag The move follows strong global demand driven by geopolitical tensions, inflation, and central bank buying, with gold surging 64% in 2025.

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