Singapore will establish an over-the-counter gold clearing system by the end of 2026, as part of efforts to strengthen its position as a trusted node for gold trading, clearing, settlement, and storage in Asia. Deputy Prime Minister Gan Kim Yong said the system, which will be established by SGX for Loco Singapore, will support both large bars and kilobars, enabling standardised settlement during Asian trading hours. Interbank trading is expected to build from 2027. Six bullion banks — DBS, Deutsche Bank, ICBC Standard Bank, J.P. Morgan, OCBC, and UOB — will participate as clearing members under a memorandum of understanding with SGX. They will work with the exchange to develop the Loco Singapore gold market, deepen price discovery, and build trading activity. Gan said the initiative will help address a gap in Asia’s gold market infrastructure, where demand has grown but trading, liquidity, and price discovery remain concentrated in established centres such as London and New York.   https://sbr.com.sg/markets-investing/news/singapore-set-otc-gold-clearing-system-end-2026 (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 16 June 2026