The Business Times
business-time-50
SUBSCRIBERS

Singapore investors buy the dip, bucking global gold sell-off: OCBC, bullion dealers

Strong investor participation in Singapore and wider Asia suggests metal’s long-term role as a hedge continues 

Summarise
google-preferred-sourceAdd BT as a preferred source

Benicia Tan

Published Mon, Mar 30, 2026 · 04:01 PM
阅读简体中文版 (beta)
    • World Gold Council data shows that, between Feb 27 and Mar 20, Asia recorded consistent gold ETF inflows in tonnes, while outflows were seen in the West.
    • World Gold Council data shows that, between Feb 27 and Mar 20, Asia recorded consistent gold ETF inflows in tonnes, while outflows were seen in the West. PHOTO: YEN MENG JIIN, BT

    [SINGAPORE] While gold’s safe-haven role broadly gave way to a scramble for cash amid the escalating Middle East conflict, opportunistic buyers in Singapore are bucking the trend.

    Rather than fleeing the market, investors in the city-state are using the recent price correction as a strategic entry point.

    OCBC told The Business Times that it recorded a 60 per cent increase in gold transactions during the four weeks after the outbreak of the US-Israel-Iran war on Feb 28, compared with the four weeks prior.

    GoldSilverprecious metalsIranUS-Middle East relationsSingaporeCommoditiesRetail investorsOCBC

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More