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Finance & Markets

Singapore Unveils 500-Tonne Gold Vault for Global Reserves

SINGAPORE – The Monetary Authority of Singapore launched a dedicated gold vaulting service on Tuesday, welcoming foreign central banks and multilateral sovereign institutions into the nation’s high-security currency vaults. The new public facility offers an initial holding capacity of 500 tonnes of physical gold bullion, with built-in structural space to expand further as global demand…

Singapore Unveils 500-Tonne Gold Vault for Global Reserves

We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.

Read the original at chiangraitimes.com →

More in Finance & Markets

The Stock Market Just Got Bad News on Inflation.

October inflation cooled, but not as much as Wall Street expected, and now investors have to take a half-point Fed hike in December more seriously.

  • Inflation rose 0.4% month-over-month, below expected 0.3%
  • S&P 500 and Nasdaq Composite fell 0.4% and 0.7% respectively
  • Fed Governor Christopher Waller leans toward half-point interest rate hike

More from Tuesday 10 November →