Family offices cheer MAS’ new precious metals rules, but do not expect a gold rush
Industry players say higher holdings of physical precious metals can supercharge Singapore’s gold hub ambitions
Singapore's Monetary Authority of Singapore (MAS) has lifted the 5 per cent cap on physical precious metals holdings for investment funds and family offices under tax-exempt schemes. This move has been met with enthusiasm from industry players, who see it as a boost to Singapore's aspirations to become a prominent gold hub. However, despite the potential benefits, analysts do not anticipate a surge in gold investment in the near term.
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