Singapore Opens a 500-Ton Gold Vault for Central Banks. Are They Still Buying?
The Monetary Authority of Singapore (MAS) has launched a gold vaulting service for foreign central banks. The national currency vault can hold up to 500 tonnes. The launch is a bet that central banks will keep buying gold. Their purchases have held up this year, even as gold prices fell. Why Singapore Built a Gold The post Singapore Opens a 500-Ton Gold Vault for Central Banks. Are They Still Buying? appeared first on BeInCrypto.
Key Takeaways
- The Monetary Authority of Singapore (MAS) has launched a gold vaulting service for foreign central banks.
- The national currency vault can hold up to 500 tonnes.
- The launch is a bet that central banks will keep buying gold.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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