The Chairman of the Hong Kong Gold Exchange, Zhang Dexi, stated during the Lunar New Year market opening ceremony that recent tensions between the United States and Iran have driven gold prices higher. He noted that gold has established a solid foundation over the past period, rising from just over $3,000 per ounce to more than $5,000. Currently, gold remains in the early to middle stages of a bull market. If a military conflict ultimately occurs, prices are expected to resume their upward trend after a brief adjustment, with a high probability of testing $6,000 per ounce in the second or third quarter.

He also mentioned that the participation of the Shanghai Gold Exchange in the newly established Hong Kong Gold Central Clearing System will enhance settlement reliability. Market connectivity between Mainland China and Hong Kong in the gold sector is expected to be realized soon. The central clearing system, established by the Hong Kong government, is believed to help reduce transaction costs while improving stability and security.

Additionally, in line with the Hong Kong government's policy to become an international gold trading hub and to strengthen ties with the global gold industry in trade, transactions, and logistics, it was announced that the exchange has officially partnered with Alibaba Group's subsidiary, Alibaba Tech, to develop an international precious metals trading platform, a clearing and settlement system, and a digital commodity blockchain.