𝕏xSG first seen 5 d ago, last 5 d ago, peak #8
Singapore plans gold-clearing system with JPMorgan this year
Original: BREAKING NEWS SINGAPORE PLANS TO LAUNCH A GOLD-CLEARING SYSTEM THIS YEAR WITH BANKS INCLUDING JPMORGAN The gold world co
Singapore is planning to launch a gold-clearing system later this year, with major banks including JPMorgan expected to take part. The move would establish Singapore as a hub for settling gold trades in Asia, and market commentators say it signals a shift in how the global gold market operates as more trade moves into the region.
Why now: News of a major financial hub launching a gold-clearing system with big international banks reshaping the gold market is drawing attention from investors.
Evidence
- BREAKING NEWS SINGAPORE PLANS TO LAUNCH A GOLD-CLEARING SYSTEM THIS YEAR WITH BANKS INCLUDING JPMORGAN The gold world continues to change… · GoldTelegraph · 1.5K
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