# Singapore opens gold vault to foreign central banks in race to become Asia’s gold hub

https://mins.news/en/item/140295

- South China Morning Post, 2026-11-12 09:00 UTC
- Economy
- Original: https://www.scmp.com/business/commodities/article/3374205/singapore-opens-gold-vault-foreign-central-banks-race-become-asias-gold-hub

> Singapore has opened its national gold vault to foreign central banks, a move analysts say will intensify its rivalry with Hong Kong to become Asia’s leading bullion hub. The Monetary Authority of Singapore says the facility can store gold for overseas central banks, international financial institutions and sovereign entities. It can hold 500 tonnes and be expanded.

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