The Business Times
business-time-50

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

    UOB group chief financial officer Leong Yung Chee (left) and AllianzGI CEO Tobias Pross at the signing of the strategic distribution partnership.

    UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    Out of the 18,000 fresh graduates, 9,100 have found employment and 5,400 are outside the labour force, mainly for voluntary reasons.

    1 in 5 fresh graduates from autonomous universities still seeking employment: MOM

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    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