Hong Kong becomes Russia’s gold gateway to China as bullion flows shatter records

Kitco10-06

(Kitco News) – Western sanctions have upended traditional gold flows, with Russian bullion that would normally go to London now pouring into Hong Kong at a record pace on its way to mainland China and...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2673112065?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-06 20:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673112065","market":"fut","top_or_hot":-1,"title":"Hong Kong becomes Russia’s gold gateway to China as bullion flows shatter records","media":"Kitco","content":"<div>\n<p>(Kitco News) – Western sanctions have upended traditional gold flows, with Russian bullion that would normally go to London now pouring into Hong Kong at a record pace on its way to mainland China and...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-10-06/hong-kong-becomes-russias-gold-gateway-china-bullion-flows-shatter-records\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong becomes Russia’s gold gateway to China as bullion flows shatter records</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong becomes Russia’s gold gateway to China as bullion flows shatter records\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-06 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/news/article/2026-10-06/hong-kong-becomes-russias-gold-gateway-china-bullion-flows-shatter-records><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco News) – Western sanctions have upended traditional gold flows, with Russian bullion that would normally go to London now pouring into Hong Kong at a record pace on its way to mainland China and...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-10-06/hong-kong-becomes-russias-gold-gateway-china-bullion-flows-shatter-records\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDXY","symbol_name":"YieldMax Gold Miners Option Income Strategy ETF","start_time":0,"source_url":"https://www.kitco.com/news/article/2026-10-06/hong-kong-becomes-russias-gold-gateway-china-bullion-flows-shatter-records","article_id":"2673112065","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-10-06/hong-kong-becomes-russias-gold-gateway-china-bullion-flows-shatter-records","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673112065","pubTimestamp":1791290880,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"(Kitco News) – Western sanctions have upended traditional gold flows, with Russian bullion that would normally go to London now pouring into Hong Kong at a record pace on its way to mainland China and","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDXY":"YieldMax Gold Miners Option Income Strategy ETF","02840":"SPDR金","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","PLTM":"GraniteShares Platinum Trust","USG":"USCF Gold Strategy Plus Income Fund","SGOL":"Abrdn Gold ETF Trust","GLD":"黄金ETF-SPDR","GLL":"2倍做空黄金ETF-ProShares","PHYS":"Sprott Physical Gold Trust","IGLD":"FT Vest Gold Strategy Target Income ETF®","RING":"iShares MSCI Global Gold Miners ETF","DGZ":"做空黄金ETN(德银)","BTGD":"STKD Bitcoin & Gold ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","UGL":"2倍做多黄金ETF-ProShares","DBC":"商品指数ETF-PowerShares DB","OUNZ":"VanEck Merk黄金股票基金","GLDM":"SPDR Gold MiniShares Trust","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","UYM":"基础材料指数ETF-ProShares两倍做多","CEF":"Sprott Physical Gold & Silver Trust","PPI":"AXS Astoria Real Assets ETF","GBUG":"Sprott Active Gold & Silver Miners ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","GDX":"黄金矿业ETF-VanEck","DGP":"二倍做多黄金ETN(PowerShares)","IAU":"黄金信托ETF-iShares","BAR":"GraniteShares Gold Shares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","AGQ":"2倍做多白银ETF-ProShares","DZZ":"德银黄金两倍做空ETN","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","SLV":"白银ETF-iShares","SGDM":"Sprott Gold Miners ETF","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","GLDY":"Defiance Gold Enhanced Options Income ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","IAUI":"NEOS Gold High Income ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","JNUG":"金矿指数二倍做多ETF","JDST":"金矿指数二倍做空ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","AAAU":"Goldman Sachs Physical Gold ETF","IAUM":"ISHARES GOLD TRUST MICRO","GDXW":"Roundhill Gold Miners WeeklyPay ETF","XME":"金属与采矿指数ETF-SPDR"},"translate_title":"金条流量打破纪录，香港成为俄罗斯通往中国的黄金门户","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOLY":1.5,"GLDM":1.5,"GDX":1.5,"PHYS":1.5,"PICK":1.5,"1OZmain":1.5,"GDXY":1.5,"SLV":0.6,"02840":1.5,"SGOL":1.5,"DUST":1.5,"NUGT":0.6,"DGZ":0.6,"IAUI":1.5,"PLTM":0.65,"GDXU":1.5,"DULL":1.5,"GLL":1.5,"SGDM":1.5,"DGP":1.5,"UGL":1.5,"SHNY":1.5,"GLDY":0.6,"AGQ":0.76,"GLD":0.6,"GOAU":1.5,"IGLD":0.6,"PPI":1.5,"GDXW":0.6,"GBUG":1.5,"GSE":1.5,"BEGS":1.5,"USG":1.5,"DBC":1.5,"JDST":1.5,"GDXD":1.5,"XME":1.5,"IAU":1.5,"RING":1.5,"GDXJ":1.5,"AAAU":1.5,"DZZ":1.5,"IAUM":1.5,"BTGD":1.5,"OUNZ":1.5,"GLTR":1.5,"JNUG":1.5,"UYM":1.5,"FGDL":1.5,"CEF":1.5,"BAR":1.5},"content_text":"(Kitco News) – Western sanctions have upended traditional gold flows, with Russian bullion that would normally go to London now pouring into Hong Kong at a record pace on its way to mainland China and other Asian markets.According to an analysis of Hong Kong Census and Statistics Department data by BullionVault, Hong Kong imported 112.7 tonnes of Russian-origin gold in just the first seven months of 2026. This far surpassed the record 92.1 tonnes of Russian gold imported during all of 2025. In 2021, before Russia’s invasion of Ukraine, Hong Kong imported only 3.3 tonnes. Russian bullion accounted for almost 15% of Hong Kong’s non-monetary gold imports in the first seven months of this year, up from just 0.6% in 2021. Analysts told CNBC that the dramatic increase highlights the ways that Russia’s gold trade has been rerouted since the start of the Ukraine war in 2022, when its gold producers were shut out of major Western markets.“Hong Kong has emerged as an important hub for Russia-China trade since the full-scale invasion,” Vita Spivak, senior consultant at Gatehouse Advisory Partners told the network. “Most gold goes to mainland China, as it hasn’t placed sanctions on Russian gold.”“For bullion specifically, Hong Kong also offers advantages beyond sanctions circumvention,” she added. “It provides direct access to the world’s largest gold-consuming market.”The London Bullion Market Association suspended all six Russian gold and silver refiners from its Good Delivery lists in March 2022, with the U.S., UK and other Western countries subsequently imposing restrictions on Russian gold, effectively closing off the markets that had been the primary destinations for the country’s bullion exports. “The fact that Hong Kong’s official data clearly shows a steep rise in imports of Russian gold reflects the kind of support and bilateral trade for which Putin has repeatedly thanked Xi,” said Adrian Ash, director of research at BullionVault.“Russian exports of gold to the UK and other Western-sanctioned nations of course collapsed,” he added.Between 2019 and 2021, Russia’s gold exports to the UK amounted to around two-thirds of the country’s mine production, the BullionVault data showed. “Hong Kong has always been an important entrepot for gold going into China,” said Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX, adding that Hong Kong is now in “a race with Singapore for hub supremacy and is about six months ahead in terms of infrastructure.”China has designated gold a “strategic mineral” and has promoted physical bullion as a store of value for households, while the country’s central bank has continued adding to its reserves at a torrid pace. “We do know that whether it’s the PBOC or if it’s the Chinese consumers, they’ve all been buying quite a bit of gold,” Charles Chang, Greater China country lead for corporates at S&P Global Ratings, told CNBC. “In times of high uncertainty, consumers tend to want to protect their savings, and they find gold as one vehicle for that.”See live precious metals prices for gold, silver, platinum and palladium — in USD, CAD and 12 more currencies.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2673112065","isCrawlerRequest":true}