Singapore expected to become leading gold hub due to gold market shift east, driven by rising Asian consumption and strategic location.

Singapore is expected to become a leading gold hub as the center of gravity in the gold market shifts east, according to the World Gold Council. This change is driven by rising gold consumption in major emerging economies, particularly in Asia, where most of these markets are concentrated. Singapore's strategic location near central banks actively purchasing gold further strengthens its position as a gold market leader.

June 11, 2024
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