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Story perspectives

Hong Kong and Singapore Battle for Gold Trading Supremacy

3/8/2026

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Story summary
  • The Hong Kong Special Administrative Region government and Singapore vie to lead gold trading, with experts citing Hong Kong’s edge from access to mainland China’s market.
  • The Hong Kong government is implementing measures to enhance its gold trading ecosystem.
  • The Monetary Authority of Singapore (MAS) confirms efforts to grow the gold market and notes alliances with major players such as JP Morgan and UBS.