Asia > Eastern Asia > Hong Kong > Gold price closes down in Hong Kong

Hong Kong: Gold price closes down in Hong Kong

2015/11/23

The gold price in Hong Kong went down 42 HK dollars to close at 10,060 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to 1,089.62 U.S. dollars a troy ounce, down 4.55 U.S. dollars at the latest exchange rate of 1 U.S. dollar against 7.75 HK dollars.

Related Articles

Hong Kong Airlines is 'The Best Place to Work in Hong Kong' in 2016
2016/05/15 Hong Kong Airlines, an internationally-acclaimed full-service airline, has once again won recognition for its achievements in talent management. Following the Employer of Choice Award 2015 presented by JobMarket magazine early this year, the Company won at 'The Best Place to Work in Hong Kong Awards' 2016 at the inaugural HR Summit & Expo HK yesterday. The Best Place to Work in Hong Kong Awards is organized by Diversified Communications Hong Kong, and supported by its strategic partner HRM Asia. The prestigious award honors outstanding enterprises' dedication to the well-being of their employees.
Asian Shares Fall Amid Lack Of Triggers
2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.
Asian Markets Retreat After Oil Prices Fall Again
2016/01/26 Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week. The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks. In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
Global growth will be disappointing in 2016: IMF's Lagarde
2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
Increase among the 21 Asia-Pacific Economic Cooperation (APEC)
2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.