Singapore to Build Gold Clearing Hub With JPMorgan and Deutsche Bank
Singapore plans to launch an over-the-counter gold-clearing system this year, with JPMorgan Chase and Deutsche Bank among the banks participating. The Singapore Exchange will establish the clearing mechanism by end-2026, and inter-bank trading is set to ramp up next year, as Singapore positions itself as a trusted node in the global gold ecosystem to connect Asian demand with liquidity and compete with Hong Kong as a regional gold hub.