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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 

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Benicia Tan

Published Mon, Mar 30, 2026 · 04:01 PM
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    • 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

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