星球日报
星球日报|Feb 01, 2026 09:09
[Hong Kong Financial Secretary: 'Rapid Advance and Retreat' Adjustment in Safe-Haven Assets like Gold] Odaily Planet Daily News – Hong Kong Financial Secretary Paul Chan Mo-po published his blog post titled 'Maintaining a Positive and Prudent Path Forward,' in which he pointed out: The turbulence in global markets has triggered intense movements of international capital. Even assets considered safe havens have experienced price corrections after repeatedly hitting record highs. Taking gold prices as an example, following the gains over the past four years, gold surged nearly 30% again in January this year, challenging the historical high of $5,600. However, in the past few days, it has seen a significant pullback, dropping over 12% from its peak at one point. Hong Kong's financial system remains stable and operates smoothly, with total bank deposits exceeding HK$19 trillion. As global political and economic conditions continue to change rapidly, risks and volatility in the coming year will not be insignificant.
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