gold storage

Latest news and articles about gold storage from NEX English

Singapore plans to expand gold storage for global central banks

Singapore is considering adding new gold storage spaces to accommodate the reserves of other central banks, aiming to enhance its position as an international gold trading hub. This initiative comes amid a rising global demand for gold from central banks seeking to diversify their reserves.

Singapore Plans to Expand Gold Storage Capabilities to Enhance Financial Hub

Singapore is seeking to enhance its position as a regional financial hub by expanding its gold storage capabilities, aiming to become a custodian for gold bullion held by foreign central banks. This move is part of its strategy to compete with Hong Kong as a key gold trading center in the region.