Sources say the Hong Kong government will launch a long‑planned gold clearing
and settlement system next week and plans to process the first gold settlement
via the new system on Tuesday. Market participants report large physical flows
out of London, the US and Europe, with large-format bars being air‑freighted to
Asia ahead of the start. The move could trigger near‑term volatility in the
London gold market as participants rebalance. If the system draws significant
international and local bank participation, Hong Kong could shift from a price
taker to a price setter in global gold pricing.
