29 Jan 2026 | 5 Mins Read
Hong Kong gold ETF sees 9% surge in debut trades
Flipitmoney
Hang Seng Gold ETF surged 9% on its Hong Kong debut as gold rallied to a record near $5,600 an ounce, driven by safe-haven flows and firm central bank buying. Key events to watch include Western central banks selling US Treasuries for gold, which could push prices above $10,000. UBS strategist Joni Teves warned against chasing gold at elevated levels, citing robust momentum in the current market.