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Hong Kong gold flows hit decade high in advance of new clearing system
By Yihui Xie
Bloomberg News
Tuesday, July 28, 2026
Hong Kong's imports of gold surged to the most since late-2014 in June, driven by preparations for the city's recently-launched clearing system as well as solid demand from mainland China.
Bullion inflows surged to more than 130 tons, according to the city's customs authority. Net imports, which indicate how much of the precious metal is staying within Hong Kong, were at their highest since December 2023.
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Hong Kong began trial operations earlier this month for a clearing mechanism aimed at boosting the city’s role in global trading and pricing of bullion. Ahead of that, banks had to build inventories of large gold bars to allow physical delivery into the system.
But part of the increase was also likely driven by appetite for bullion over the border in mainland China. ...
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