“We are working closely with the industry to see how we can position Singapore as a gold trading hub in Asia,” deputy chairman of the MAS Chee Hong Tat told reporters in a doorstop interview on the same day.
Singapore is taking steps to develop itself as an Asia-Pacific gold trading centre via a Gold Market Development Working Group led by the Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA).
In a joint statement released on March 27, the MAS and SBMA said the working group was established in January and its focus areas were shaped by detailed discussions and studies it conducted with industry participants in 2025.
