Singapore is considering expanding gold storage capacity, including potential
sites near Changi Airport, as part of efforts to position itself as a global
bullion hub. The Monetary Authority of Singapore said it is evaluating the use
of existing vaulting facilities, alongside broader plans to develop gold trading
infrastructure such as OTC clearing systems and capital-market products.
strategy aims to attract central bank reserves and strengthen Singapore’s role
in regional bullion trade, challenging hubs like Hong Kong and aligning with
global holdings of nearly 39,000 tons of gold.
