Singapore Offers Gold Storage to Foreign Central Banks

Singapore is positioning itself as a neutral vault for official-sector gold at a moment when central banks are diversifying reserves amid external uncertainty. This is less about storage fees than about anchoring trading, clearing and custody flows in a jurisdiction seen as politically stable. The move puts Singapore in more direct competition with established vaulting centres for sovereign business. Whether the expressions of interest from foreign central banks convert into actual storage mandates is the open question.