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04.09.26 - 11:06
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Can Hong Kong outshine Singapore as central banks rethink gold custody amid global risks? (SCMP)
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As the Netherlands moved gold out of the US and Canada over geopolitical concerns, attention is turning to whether Hong Kong can capitalise on central banks rethinking where they keep their bullion.
The city faces competition from Singapore, which is expected to launch central bank gold-vaulting services in October as part of efforts to cement its status as a gold trading hub in Asia.
Where central banks chose to store gold came down to three factors, said Iggy Ioppe, a Wall Street veteran with......
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