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Singapore opens gold vault to foreign central banks in race to become Asia’s gold hub
Singapore opens gold vault to foreign central banks in race to become Asia’s gold hub
Singapore has opened its national gold vault to foreign central banks, a move analysts say will sharpen its head-to-head rivalry with Hong Kong for the title of Asia’s leading bullion hub. The Monetary Authority of Singapore (MAS) has announced that it would store gold for overseas central banks, international financial institutions and sovereign entities in its currency vault. The facility can…