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Singapore plays neutrality card to vault central bank gold, elevate bullion hub status

Emphasising sovereign-grade vaulting, internationally aligned standards can set the Republic apart: analysts

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Benicia Tan

Published Wed, Apr 1, 2026 · 06:23 PM
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    • For Singapore’s gold trading hub push to take off, it is important to attract sustained cash flows into the precious metals market, say industry observers.
    • For Singapore’s gold trading hub push to take off, it is important to attract sustained cash flows into the precious metals market, say industry observers. PHOTO: REUTERS

    [SINGAPORE] Singapore is leaning on its neutrality to attract central bank gold flows as it pushes to build a regional gold trading hub, but analysts say the real test will lie in whether it can generate enough liquidity to sustain it.

    This follows moves by the Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association on Mar 27 to deepen the Republic’s precious metals infrastructure.

    Gold has advanced around 50 per cent from a year ago, fuelled by sustained demand from investors and central banks amid mounting geopolitical uncertainty.

    Monetary Authority of SingaporeGoldprecious metalsCommodities

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