International News
Why JPMorgan, HSBC are pulling bullion from Bank of England
Trade disruption between the United States and Europe, caused by US President Donald Trump’s tariff threats, has led to a big shift in the gold market. A surge in gold prices in the US, driven by trade uncertainties, has triggered a rush to transport gold from London to New York, creating one of the biggest movements of physical bullion in years.
Leading global banks, including JPMorgan Chase and HSBC, are capitalising on the price gap between the two markets, using commercial flights to ferry gold across the Atlantic, the Wall Street Journal reported on Monday.
Gold prices have reached record highs amid concerns over trade policies, with the price of gold futures in New York soaring 11 per cent this year to $2,909 per troy ounce. Analysts predict the price could soon surpass $3,000 per troy ounce for the first time.
Meanwhile, gold prices in London have lagged behind, trading about $20 lower per ounce since early December.Market participants have attributed this price gap to recent tariff threats by US President Trump, who has criticised Europe’s trade policies and hinted at further duties on the region. Although gold is not directly targeted by these tariffs, the market has reacted sharply, with traders exploiting the discrepancy.
International News
Hard Pure Gold to redefine China gold jewellery sector
Record-high gold prices and continued geopolitical uncertainty have strengthened gold’s appeal as a safe-haven asset. However, these same factors also create challenges for the jewellery industry, as rising prices increase the cost of entry for consumers. In response, the industry is exploring product innovation to sustain demand. In Greater China, Hard Pure Gold is emerging as a strategic initiative designed to balance high purity, design flexibility, and affordability.
Promoted by the World Gold Council, Hard Pure Gold combines traditional purity levels—typically above 99%—with advanced manufacturing technologies such as electroforming and lost-wax casting. These processes increase the hardness of pure gold, allowing jewellers to create more intricate designs, improve durability, and support gemstone settings. At the same time, hollow-forming techniques enable lighter pieces that maintain visual impact while reducing overall weight and price.
The category also benefits from the introduction of an industry-wide standard in 2025, which clarified production guidelines and unified marketing terminology across manufacturers. Standardisation has helped build consumer trust and strengthened the positioning of Hard Pure Gold as a distinct product segment.
A key driver of its growth is changing consumer demographics. Traditionally, pure gold jewellery in China appealed primarily to middle-aged buyers who valued gold for wealth preservation. Hard Pure Gold, however, is attracting younger consumers aged 20–35 by offering contemporary designs, lighter weight, and lower entry prices without sacrificing purity. Surveys conducted by the World Gold Council indicate that it is currently the fastest-growing category within the gold jewellery segment in Greater China.
In a high-price environment, the ability to produce jewellery that looks substantial yet weighs as little as 1.5 grams helps make gold more accessible to new buyers. At the same time, increasing trade-in activity—where consumers exchange older jewellery for newer designs—encourages repeat purchases and keeps demand active.
From a strategic perspective, Hard Pure Gold demonstrates how technological innovation and coordinated industry standards can reshape consumer perception. By merging investment-grade purity with modern design and affordability, it offers a compelling pathway for sustaining gold jewellery demand in Greater China
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