📰 Singapore’s Gold Hub Ambition Gets Lift With DBS Vault Expansion
🗓️ Sep 17 2026 01:49 UTC - Yihui Xie
➤ Singapore is expanding its gold storage capacity, with DBS increasing vault space and other banks considering similar moves, to support its ambition of becoming a global gold hub.
➤ This expansion is crucial for Singapore's planned gold clearing system, which requires sufficient capacity for clearing banks to store and settle large volumes of bullion.
➤ The city-state faces competition from Hong Kong, which is also developing its gold clearing system and storage capacity.
#singapore #goldhub #dbs #vaultexpansion #preciousmetal #clearingsystem #lefreeport #hongkong #bullionstorage
đź”— Read more at: https://rwatimes.io/articles/bloomberg-singapores-gold-hub-ambition-gets-lift-with-dbs-vault-expansion-1198168268
rwatimes / RWATimes
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2026-09-17 10:04:35 UTC
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npub1qz4zsh526h2e8vgceayhkqkuva2w5dzza35x9q7kcqwz3fn2ccuq3w0p4gPublished at
2026-09-17 10:04:35 UTCEvent JSON
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"content": "📰 Singapore’s Gold Hub Ambition Gets Lift With DBS Vault Expansion\n🗓️ Sep 17 2026 01:49 UTC - Yihui Xie\n\n➤ Singapore is expanding its gold storage capacity, with DBS increasing vault space and other banks considering similar moves, to support its ambition of becoming a global gold hub.\n➤ This expansion is crucial for Singapore's planned gold clearing system, which requires sufficient capacity for clearing banks to store and settle large volumes of bullion.\n➤ The city-state faces competition from Hong Kong, which is also developing its gold clearing system and storage capacity.\n\n#singapore #goldhub #dbs #vaultexpansion #preciousmetal #clearingsystem #lefreeport #hongkong #bullionstorage\n\n🔗 Read more at: https://rwatimes.io/articles/bloomberg-singapores-gold-hub-ambition-gets-lift-with-dbs-vault-expansion-1198168268",
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