Saturday, 05 September 2026
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Singapore News from Singapore · WORLD EUROS
Nº 56 Saturday, 05 September 2026
Business

Can Hong Kong outshine Singapore as central banks rethink gold custody amid global risks?

Can Hong Kong outshine Singapore as central banks rethink gold custody amid global risks?
Sources: South China Morning Post

As the Netherlands moved gold out of the US and Canada over geopolitical concerns, attention is turning to whether Hong Kong can capitalise on central banks rethinking where they keep their bullion. The city faces competition from Singapore, which is expected to launch central bank gold-vaulting services in October as part of efforts to cement its status as a gold trading hub in Asia. Where centra

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