S'pore aims to set Asia gold benchmark price
Such a move for Asia time zone would help traders cut exposure to intraday price swings, overnight forex risks
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE is looking at the possibility of setting a gold benchmark price for the Asian time zone as it continues its bid to become the regional bullion hub.
Gold trading has grown at a healthy clip since the government removed the Goods & Services Tax on investment precious metals in 2012, Lim Hng Kiang, Minister for Trade & Industry said on Monday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
