Source:
Gemini:
Core Strategic Pillars
The Gold Market Development Working Group, established in January 2026, will focus on:
Infrastructure Enhancement: Improving physical facilities for the storage and transportation of gold.
Sovereign Services: Offering specialized gold storage for foreign central banks and sovereign entities, leveraging Singapore’s reputation for safety and security.
Product Diversification: Broadening the range of gold-related capital market products available to investors.
Clearing and Settlement: Implementing a secure system for transferring assets, specifically addressing both the London-standard large bars (12.4kg) and the Asian-preferred kilobars (1kg).
Economic Impact
Mr. Chee emphasized that gold trading will serve as a new pillar for Singapore’s wealth and asset management sector. By building this ecosystem, the nation aims to attract more global assets and create high-quality jobs.
Addressing regional competition, specifically from Hong Kong, Mr. Chee noted that the global demand for a "safe haven" in an uncertain environment provides ample space for both hubs to coexist. Rather than reacting to short-term price fluctuations, Singapore is focused on long-term "environmental" growth. Detailed updates from the workgroup, which includes major banks and refineries, are expected throughout the year.
Comments:
Interesting move by government.




