Gold prices to test US$6,000 in Q2, Hong Kong Gold Exchange chair predicts

Gold prices may test the US$6,000 level in the second quarter amid geopolitical uncertainties, said Haywood Cheung Tak-hay, chairman of the Hong Kong Gold Exchange.

Cheung also expects to see greater connectivity between Hong Kong and the mainland in the gold market in the near future.

The Hong Kong Precious Metals Central Clearing Company, which will run the government-established a central gold clearing system, would help reduce gold trading costs and enhance stability and security, he said.