Live Updates > Live Update Details
2026-09-17 10:10:09
[Singapore’s plans to become a major gold hub are accelerating: DBS is expanding its vaults, OCBC and Deutsche Bank are considering following suit] (1) Singapore’s plans to become a major gold hub are accelerating. DBS Group is increasing its gold storage capacity, and other banks are considering similar measures. (2) DBS Bank, Southeast Asia’s largest bank, said on Wednesday that it has expanded its vault space this year to meet the growing demand from private wealth and institutional clients. (3) According to sources, OCBC Bank has also contacted precious metals storage service providers to seek more storage space. (4) Another source said that Deutsche Bank is also considering a similar expansion. (5) They pointed out that the specific scale of the vault expansions by various banks is still under discussion and the plans may change.
