According to insights from Zhitong Caijing APP, the chairman of the Hong Kong Gold Exchange, Zhang Dexi, stated that gold prices have established a solid foundation over the past few years and are still in the early-to-mid stage of a bull market. He anticipates that gold prices will experience a slight correction before rising again, with the potential to challenge the level of $6,000 per ounce in the second and third quarters of this year.

Zhang noted that the Shanghai Gold Exchange's participation in the newly established Hong Kong Gold Central Clearing System will enhance the reliability of gold deliveries. He added that achieving interconnectivity between the mainland and Hong Kong gold markets is "imminent."

Additionally, the Hong Kong Gold Exchange will collaborate with Alibaba Group (09988) subsidiary AGTech to develop an international precious metals trading platform, a settlement system, and a digital commodity blockchain. Zhang mentioned that the platform is expected to be completed within six months, with the goal of integrating it into the central clearing system.