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Singapore Launches Gold Vaulting Service for Central Banks

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Singapore Launches Gold Vaulting Service for Central Banks Singapore has launched a gold vaulting service for overseas central banks and official institutions, seeking to capitalize on global demand to diversify storage of bullion reserves. Gold will be stored in the city-state’s national currency vault, which has capacity for as much as 500 tons, with room to expand as demand grows, the Monetary Authority of Singapore said in a statement on Tuesday.

Singapore Launches Gold Vaulting Service for Central Banks Singapore has launched a gold vaulting service for overseas central banks and official institutions, seeking to capitalize on global demand to diversify storage of bullion reserves. Gold will be stored in the city-state’s national currency vault, which has capacity for as much as 500 tons, with room to expand as demand grows, the Monetary Authority of Singapore said in a statement on Tuesday.
Singapore Launches Gold Vaulting Service for (ORG) Central Banks Singapore Launches Gold Vaulting Service (ORG) Central Banks Singapore (ORG) the Monetary Authority of Singapore (ORG)
Originally published by Bloomberg Markets Read original →