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Singapore sets out plan to support gold trading amid growing interest

From channelnewsasia.com

Singapore will develop measures to strengthen the country's gold ecosystem, deputy chairman of the Monetary Authority of Singapore (MAS) Chee Hong Tat said on Friday (Mar 27) amid growing interest among investors to vault and trade gold here. In particular, the measures will focus on areas such as improving Singapore's physical infrastructure for storing and transporting gold, and providing gold storage services to foreign central banks and sovereign entities. The other focus areas are broadening the range of gold-related capital market products, and setting up a clearing and settlement system to ensure the secure ... (full story)

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  • Category: Fundamental Analysis