Elena Nikulina

Peter Spina: Hong Kong brings in large gold bars for new clearing system

Peter Spina: Hong Kong brings in large gold bars for new clearing system
Hong Kong readies gold clearing launch

Peter Spina, CEO at GoldSeek.com, reports that Hong Kong is bringing in large gold bars ahead of a new gold clearing launch.

According to Spina, the city plans to initially use the London Good Delivery standard while its future approach remains undecided. Sources indicate that at least four of the 11 participating banks are already involved in this gold clearing initiative.

Spina has recently commented on shifting trends in precious metals, noting that gold and silver prices reversed early gains to declines during the Iranian conflict. He also observed regulatory moves in Asia, as India tightened silver import rules after spending a record $12 billion by March 2026. These developments come as Hong Kong takes new steps in its gold market infrastructure.

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