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Open Outcry of HK Gold Exchange Opens for 1st Time in Yr of Snake; Haywood Cheung Expects Gold Price to Challenge US$3K per Ounce
Hong Kong Gold Exchange held an opening ceremony for the Chinese New Year on Monday (3 Feb), at which Chairman Haywood Cheung said that the establishment of Hong Kong Gold Exchange...
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Open Outcry of HK Gold Exchange Opens for 1st Time in Yr of Snake; Haywood Cheung Expects Gold Price to Challenge US$3K per Ounce
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Hong Kong Gold Exchange held an opening ceremony for the Chinese New Year on Monday (3 Feb), at which Chairman Haywood Cheung said that the establishment of Hong Kong Gold Exchange is a historical legacy mission of the Chinese Gold and Silver Exchange, which will strengthen and optimize its corporate governance in the future, and is expected to be able to attract international institutions' participation more easily.

The gold price is affected by factors such as geopolitics, falling interest rates and trade wars, etc., Cheung added. He expected that there is a great chance for gold prices to challenge US$3,000 per ounce in the Year of the Snake, describing that the current gold price is still “not at its highest peak”.

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