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Asia turns to gold in structural wealth shift
By Kimberley Long
The Banker, London
Wednesday, August 5, 2026
Asian banks have considerably increased their gold product offering in recent months, spurred by growing consumer and central bank demand for a safe-haven commodity and local clearing.
The number of gold-focused banking products and services has risen significantly since the start of 2026. New developments include Singapore's DBS offering fractionalised gold trading through its retail app, enabling customers to purchase tokens backed by one gramme of physical gold.
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On the central bank side, the Monetary Authority of Singapore will introduce central bank gold vaulting in October, allowing foreign central banks to securely store their gold in its reserves.
Singapore Exchange has also announced it will launch gold trading by the end of the year, with DBS, JPMorgan and Deutsche Bank among six banks signed up as clearing members.
And in Hong Kong, a trial gold clearing was launched in July, which saw the introduction of a new gold price benchmark called HAU. ...
... For the remainder of the report:
https://www.thebanker.com/content/4563a598-810e-417a-b46a-412b9ed64a32
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