Singapore Aims To Become Asia's Gold Hub



Singapore is positioning itself to become the region's global precious metals trading and financial hub as it gathered support at the Asia Pacific Precious Metals Conference, that brought together Asia's biggest players in the industry.

The conference, organized by Foretell Business Solutions and the Singapore Bullion Market Association (SBMA), said Singapore could work as a rotating platform where the ASEAN markets could connect to new business opportunities.

"It is the objective of SBMA to play a pivotal role in building a sustainable precious metals hub in Singapore by bringing together industry players from the bullion markets of ASEAN countries and connecting them to global markets. After all, Asia is the largest gold mining and gold consumption market,» SBMA CEOAlbert Cheng said.