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
Add BT as a preferred source
[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.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
