HK Mercantile Exchange opens gold storage site at airport

04 Sep 2009

The Hong Kong Mercantile Exchange has chosen the Precious Metals Depository at Hong Kong International Airport as a storage and physical settlement place for its gold contract.

The depository was inaugurated on September 2 by John Tsang Chun-wah, financial secretary of the Hong Kong Special Administrative Region.Operated by the Airport Authority-owned HKIA Precious Metals Depository Ltd,...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.

HK Mercantile Exchange opens gold storage site at airport

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