Asia Family Offices Gold Deals Rise Amid Market Uncertainty

Asia family offices gold deals are increasing as ultra-wealthy investors bypass banks and brokers to trade physical gold directly. Cavendish Investment Corp., a multi-family office led by a former Hong Kong jewellery executive, is allocating around one-third of its portfolio to the trade, transporting gold from small-scale African mines to Hong Kong for sale to wealthy clients and Chinese buyers. Precious metals dealers J. Rotbart & Co. and Goldstrom are structuring lending and arbitrage deals for rich families. Demand in Hong Kong and mainland China has surged, with analysts expecting prices to rise further as the US dollar weakens and central banks cut interest rates.