Economy · Singapore · November 12, 2026

Singapore opens gold vault to foreign central banks

Reported by 2 outlets · first reported Nov 11, 2:02 AM ET

Singapore opened its national gold vault to foreign central banks to compete with Hong Kong as Asia's gold hub. It also offers vaulting services and tax incentives.

Why it matters

It shifts where Asian gold reserves are stored.

Background

Gold price is near $3,946 an ounce.

Sources

• South China Morning Post ↗Nov 12, 4:00 AM ET
• CNBC ↗Nov 11, 2:02 AM ET

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