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Hong Kong Aims to Become Asia's Gold Hub Amid War

4/19/2026

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Story summary
  • The ongoing US-Israeli war on Iran is impacting global energy and financial markets.
  • This raises demand for safe-haven assets such as gold.
  • Hong Kong aims to become a bullion hub to attract wealth flows from Asia and the developing world.
  • Matteo Giovannini of ICBC says Hong Kong could link flows between China, the Middle East, and others.