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Gold Prices Soar Amid Middle East Conflict, Boosting Hong Kong Trade

3/6/2026

38 5 Full Breakdown

Summary

Story summary

Rising gold prices due to the Middle East conflict have boosted trade in Hong Kong.
Residents are selling valuables for cash.
Retailers report a surge in demand for gold bars and pellets.
Spot gold stood at US$5,165 per ounce, near historic highs despite being below January's peak.
Locals such as Wong Ka-chun (vegetable seller) are capitalizing on high prices.

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Story summary

Rising gold prices due to the Middle East conflict have boosted trade in Hong Kong.
Residents are selling valuables for cash.
Retailers report a surge in demand for gold bars and pellets.
Spot gold stood at US$5,165 per ounce, near historic highs despite being below January's peak.
Locals such as Wong Ka-chun (vegetable seller) are capitalizing on high prices.