Singapore to Begin Gold Clearing This Year in Push to Bec…

Singapore is set to introduce a gold-clearing system in 2026 to enhance its position as a global bullion market hub. Major banks such as JPMorgan Chase and Deutsche Bank will be involved in this initiative. The Singapore Exchange plans to establish the over-the-counter clearing mechanism by the year's end, with inter-bank trading expected to commence the following year, according to Deputy Prime Minister Gan Kim Yong.

Gold:

BackForward

FacebookXLinkedIn

EmailLink

Gift

FacebookXLinkedIn

EmailLink

GiftGift this article

Confidential tip?\ Send a tip to our reporters

Site feedback:\ Take our SurveyNew Window

FacebookXLinkedIn

EmailLink

Gift

By Yihui Xie

June 15, 2026 at 1:31 AM UTC

Updated on June 15, 2026 at 6:53 AM UTC

BookmarkSave

Singapore plans to launch a gold-clearing system this year, with banks including JPMorgan Chase & Co. and Deutsche Bank AG set to participate in the city-state’s push to become a hub in the global bullion market.

The Singapore Exchange will establish the over-the-counter clearing mechanism by the end of 2026, with inter-bank trading expected to build up from next year, said Gan Kim Yong, the country’s deputy prime minister and chairman of the Monetary Authority of Singapore.

Read Original at Bloomberg.com →

Singapore to Begin Gold Clearing This Year in Push to Become Hub