Yuan Gold Trade in Hong Kong Triples as Currency Gains Cut Risk

Yuan Gold Trade in Hong Kong Triples as Currency Gains Cut Risk

Lam Yik Fei/Bloomberg

Traders call out bids and asking prices in the trading hall of The Chinese Gold and Silver Exchange Society in Hong Kong. “Yuan appreciation helps as jewelers who receive yuan from clients become more willing to buy gold bars in the currency to minimize exchange-rate risks,” said Haywood Cheung, president of the society.