#RWA Hong Kong Securities and Futures Association 2026-27 Budget Request for Comments
- Precious Metals Market Development -
The precious metals market was the hottest market in 2025, with various precious metals experiencing astonishing price increases, especially gold, which repeatedly hit record highs, rising from US$2,624 per ounce (December 31, 2024) to US$4,322 per ounce (December 31, 2025), a 64.7% increase for the year, the largest annual increase in 46 years. However, trading volume in Hong Kong's precious metals futures contracts and spot gold clearly did not keep pace with this surge.
The Association believes that the government should take the lead and work with the precious metals industry to promote the establishment of an exchange trading platform for precious metals spot and futures, with a more transparent system and supervision, and improved warehousing and delivery capabilities, to encourage more people to participate in the trading of precious metals in Hong Kong and enhance the competitiveness of Hong Kong's gold and commodities market.