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Singapore to Begin Gold Clearing This Year in Push to Become Hub

Singapore to Begin Gold Clearing This Year in Push to Become Hub
Bloomberg Markets Monday 15 June 2026, 01:31 UTC By Yihui Xie 1 min read
Key Points

Singapore to Begin Gold Clearing This Year in Push to Become Hub Singapore plans to launch a gold-clearing system this year, with banks including JPMorgan Chase & Co. and Deutsche Bank AG set to participate in the city-state’s push to become a hub in the global bullion market. The Singapore Exchange will establish the over-the-counter clearing mechanism by the end of 2026, with inter-bank trading expected to build up from next year, said Gan Kim Yong, the country’s deputy prime minister and...

Singapore to Begin Gold Clearing This Year in Push to Become Hub Singapore plans to launch a gold-clearing system this year, with banks including JPMorgan Chase & Co. and Deutsche Bank AG set to participate in the city-state’s push to become a hub in the global bullion market. The Singapore Exchange will establish the over-the-counter clearing mechanism by the end of 2026, with inter-bank trading expected to build up from next year, said Gan Kim Yong, the country’s deputy prime minister and chairman of the Monetary Authority of Singapore.
Singapore (LOCATION) Gold Clearing (ORG) Hub Singapore (ORG) JPMorgan Chase & Co. (ORG) Deutsche Bank AG (ORG) The Singapore Exchange (ORG) Gan Kim Yong (PERSON) the Monetary Authority of Singapore (ORG)
Originally published by Bloomberg Markets Read original →

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