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Hongkongers cash in as Middle East war triggers gold rush

Spot prices have surged above US$5,000 an ounce, up more than 40 per cent over the past year, driven by central banks and traders shifting out of bonds and currencies.

Published: 6:05pm, 9 Mar 2026

The intensifying war in the Middle East has sparked a gold rush in Hong Kong, with investors piling into the precious metal as a safe haven. Growing geopolitical uncertainty has been reflected in long queues outside gold shops in the city, as many residents look to sell their gold holdings while prices are at near-record highs.

Hongkongers cash in as Middle East war triggers gold rush

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Spot prices have surged above US$5,000 an ounce, up more than 40 per cent over the past year, driven by central banks and traders shifting out of bonds and currencies.

Spot prices have surged above US$5,000 an ounce, up more than 40 per cent over the past year, driven by central banks and traders shifting out of bonds and currencies.