@zimbuckapp: BREAKING: Singapore has opened a 500-tonne gold vault for central banks. The Monetary Authority of Singapore (MAS) on Tuesday launched a gold vaulting service for foreign central banks, international financial institutions and sovereign entities. Bullion will be stored in Singapore's national currency vault, which can hold up to 500 tonnes with room to expand. MAS will also offer gold custody accounts to select Singapore-based bullion banks, while an SGX over-the-counter gold clearing system with six founding banks — including JPMorgan — is set to go live in Q1 2027. A new GST relief framework for wholesale gold services takes effect in April 2027. Gold traded near $4,141, up about 1.7%, as central-bank demand for reserves keeps climbing. #Gold #CentralBanks #Singapore #FinanceNews #Markets #Bullion #Zimbuck Read the full blog/news on Zimbuck: https://zimbuck.com/posts/2454 Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com

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