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Economics2h 5m ago

Singapore will establish an over-the-counter gold clearing system and introduce central bank gold-vaulting services.

Singapore

Who
Deputy Prime Minister Gan Kim Yong, Singapore Exchange, Monetary Authority of Singapore, DBS, Deutsche Bank, ICBC Standard Bank, J.P. Morgan, OCBC, UOB
What
Singapore will establish an over-the-counter gold clearing system and introduce central bank gold-vaulting services.
When
Mon, 15 Jun 2026 01:31:50 GMT · 2h 5m ago
Where
Singapore ·
Why
The city-state looks to establish itself as a gold trading hub.
The Frontline Impact

How this affects you

This move by Singapore aims to enhance its position as a global gold trading and storage hub, providing secure options for central banks and potentially increasing liquidity in the Asian precious metals market.

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