--- title: "Standard Chartered PLC research on self-built gold storage in Hong Kong shows solid support at the bottom for gold prices, while the gold ETF ChinaAMC fell 0.72% in the afternoon trading session" type: "News" locale: "en" url: "https://longbridge.com/en/news/290152173.md" description: "Affected by the Federal Reserve's interest rate meeting, gold prices are fluctuating at low levels. Standard Chartered PLC is establishing its own gold storage in Hong Kong to respond to the increasing interest of Asian clients in gold trading centers and the demand for revenue growth. Although the bottom support for gold prices is solid, the gold ETF ChinaAMC fell 0.72% in the afternoon, and the gold stock ETF ChinaAMC fell 2.73%. Dongfang Caifu Securities believes that central bank gold purchases will provide solid bottom support for gold prices" datetime: "2026-06-18T06:34:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290152173.md) - [en](https://longbridge.com/en/news/290152173.md) - [zh-HK](https://longbridge.com/zh-HK/news/290152173.md) --- # Standard Chartered PLC research on self-built gold storage in Hong Kong shows solid support at the bottom for gold prices, while the gold ETF ChinaAMC fell 0.72% in the afternoon trading session On June 18, 2026, influenced by the Federal Reserve's interest rate meeting, gold may maintain low-level fluctuations, currently reported at $4,326 per ounce. As of 14:16, the gold ETF ChinaAMC (518850) fell by 0.72%, and the gold stock ETF ChinaAMC (159562) dropped by 2.73%. In terms of holdings, stocks showed mixed performance, with Jiangxi Copper hitting the daily limit, Zhuhai Smelter Group rising by 6.52%, and Jiangxi Copper Company increasing by 6.01%. Meanwhile, the International Gold Group led the decline with a drop of 7.40%, Zhaojin Mining fell by 7.34%, and China Gold International decreased by 6.65%. On the news front, Standard Chartered PLC is studying the feasibility of establishing its own gold storage in Hong Kong and is considering different location options. Hong Kong is expected to become the group's first market with self-established gold storage and is one of the few banks to have its own storage in Hong Kong. Standard Chartered stated that since the rise in gold prices, customer interest and inquiries about gold have increased, reflecting their interest in gold trading centers outside London, such as in Asia. Additionally, Standard Chartered Hong Kong recorded high double-digit growth in gold-related income year-on-year in the first quarter of this year. The bank indicated that if the self-established gold storage is established, it could provide comprehensive gold trading services from executing transactions and settlements to storage. Dongfang Caifu Securities believes that the slow bull pattern of gold prices remains unchanged, with considerable elasticity in investment demand. Asian funds provide stable incremental support, while European and American funds contribute to volatility elasticity. The global central bank's gold purchasing behavior continues to strengthen gold's safe asset attributes. Central banks are increasing their holdings mainly due to long-term strategic considerations for asset diversification and reducing depreciation risks, indicating significant room for future increases, which will provide solid bottom support for gold prices. It is worth noting that the management fee and custody fee for the gold ETF ChinaAMC (518850) and the gold stock ETF ChinaAMC (159562) combined is 0.2%, which is among the lowest levels in similar products, helping investors participate in the gold market at a lower cost ### Related Stocks - [STAN.UK](https://longbridge.com/en/quote/STAN.UK.md) - [02888.HK](https://longbridge.com/en/quote/02888.HK.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [03418.HK](https://longbridge.com/en/quote/03418.HK.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) ## Related News & Research - [PRECIOUS-Gold slips from two-week high on firmer dollar; Fed minutes in focus](https://longbridge.com/en/news/291782878.md) - [PRECIOUS-Gold eases from two-week high as firmer US dollar weighs](https://longbridge.com/en/news/291755529.md) - [Hong Kong pension fund to ease rules on gold ETF investment, source says](https://longbridge.com/en/news/291746045.md) - [The War Came Back. Gold Fell Anyway.](https://longbridge.com/en/news/291173767.md) - [Gold holds steady in bearish consolidation zone](https://longbridge.com/en/news/291354452.md)