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S'pore aims to set Asia gold benchmark price

Such a move for Asia time zone would help traders cut exposure to intraday price swings, overnight forex risks

Published Mon, Oct 17, 2016 · 09:50 PM

Singapore

SINGAPORE is looking at the possibility of setting a gold benchmark price for the Asian time zone as it continues its bid to become the regional bullion hub.

Gold trading has grown at a healthy clip since the government removed the Goods & Services Tax on investment precious metals in 2012, Lim Hng Kiang, Minister for Trade & Industry said on Monday.

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