'The SGE Hong Kong vault is far more than the opening of just another gold storage facility in Hong Kong SAR. Leveraging Hong Kong’s trusted legal system and status as a global financial hub, the new SGE vault will play a foundational role in advancing yuan internationalisation and boosting China’s influence in global gold and commodity markets. By enabling liquid offshore physical gold trading and storage in offshore renminbi, it will both reinforce Hong Kong’s status as a leading international bullion hub and be influential on global gold price discovery.'
NST Price at posting:
$20.98 Sentiment: Hold Disclosure: Held
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