Nigel Farage, leader of Reform UK, received £270,000 from Direct Bullion, a gold marketing company where he is a brand ambassador. This payment, his largest as an MP, appears in his latest parliamentary register of interests. Critics accuse him of prioritizing personal gain over his constituents.
Hong Kong is proactively working to strengthen its position as a leading international financial centre, with HKEX reviewing feedback on new measures. The city is also developing its commodities ecosystem, using gold as a strategic entry point, with plans for expanded storage, refinery capacity, and reactivating a US dollar gold futures contract.
Indian gold markets are trading at a premium for the first time in 1.5 months due to price corrections and a stronger rupee, despite affordability concerns. Meanwhile, China's physical gold demand has weakened, though its central bank continues consistent buying.
The Egyptian gold market is experiencing a slowdown following a 10% increase in manufacturing fees on gold jewelry by customs. While the official implementation is set for July, many stores have already adopted the new rates, impacting sales and shifting consumer preference towards gold bars.
The Hong Kong Exchanges and Clearing (HKEX) is pressing ahead with the relaunch of gold futures as mainland China’s appetite for the metal continues to grow. The city would continue to introduce new gold products and facilities to capture the growing opportunities of the gold market, Financial Secretary Paul Chan Mo-po said on Thursday at the LME Asia Metals Seminar 2026 in Hong Kong. The HKEX planned to relaunch gold futures in coming months and seek market feedback to refine the products,...
