Tag: Shanghai Gold Exchange
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The Truth About Gold: Is China Moving From Paper Promises to Physical Metal?
China is preparing to close an important door in the precious-metals market—and every serious gold investor should understand what happens next. On July 24, 2026, the Industrial and Commercial Bank of China, better known as ICBC, will stop providing individual customers with precious-metals trading services connected to the Shanghai Gold Exchange. Postal Savings Bank of…
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July 7: The Day Gold Settlement Moves East
On July 7, Hong Kong is expected to process the first settlement through its new gold clearing and settlement system — a milestone that may be remembered as the moment Asia stopped merely consuming gold and began building the financial infrastructure to price, settle, store, and control it. For generations, the gold market has been…