Hong Kong Gold Exchange: Gold price expected to challenge $6000 in the second and third quarters after a slight adjustment.

During the Hong Kong Gold Exchange's Chinese New Year market opening ceremony in the Year of the Horse, Chairman Zhang Dexi stated that the recent tensions between the US and Iran have pushed gold prices up. In the past period, gold prices have risen steadily from over $3000 per ounce to over $5000. Currently, gold prices are still in the early to mid-stage of a bull market. If a war were to break out, gold prices would adjust slightly before rising again. There is a great opportunity to challenge $6000 per ounce in the second or third quarter. He also mentioned that the Shanghai Gold Exchange's participation in the newly established Hong Kong Gold Central Clearing System will enhance delivery reliability. The connection between the Mainland China and Hong Kong gold markets is imminent, and he believes that the Central Clearing System established by the Hong Kong government will reduce transaction costs, improve stability, and security. In addition, to comply with the Hong Kong government's international gold trading center policy, and to strengthen trade, transactions, and logistics with the international gold industry, it was announced that they have officially partnered with Alibaba's subsidiary, Yabo Technology, to develop an international precious metals trading platform, clearing and settlement system, and digital commodity blockchain.