The government is right to capitalise on the sustained gold rally, as demand for the safe-haven asset rises amid geopolitical uncertainty
With falling interest rates, geopolitical tensions and uncertainty about world economic growth, gold remains the classic safe-haven asset.
As Secretary for Financial Services and the Treasury Christopher Hui Ching-yu has pointed out, the precious metal acts as a hedge “against various geopolitical and market risks”. This makes the reserve project a worthwhile effort with minimal risk.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 21 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.
