Hua Seng Heng and MTS Gold suspend some gold trading amid Middle East tensions
Hua Seng Heng has temporarily halted online trading and gold bar sales due to extreme price volatility linked to Israel-Iran tensions and a lack of reference prices over the weekend. MTS Gold has also paused in-branch gold bar sales on February 28, 2026.
Hua Seng Heng on Saturday issued a notice saying that escalating tensions and the start of attacks between Israel and Iran have triggered extreme volatility in gold prices. With international gold markets closed over the weekend, the company said there is no clear reference price.
As a result, Hua Seng Heng will temporarily suspend its online trading system and all types of gold bar sales, and will resume services on Monday, March 2, 2026.
Meanwhile, MTS GOLD also announced that the Israel-Iran conflict has led to heightened volatility in gold prices. The company said it will close gold bar sales at branch counters on February 28.
However, services for buying gold, gold-backed pawn transactions, and redemption of pawned gold will remain open as normal.
