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WSJ says Singapore’s gold-vault rollout is part of its Asia hub bid.

Foreign central banks and official institutions get another sovereign place to store gold, but the rollout is tied to a bigger ambition. The Wall Street Journal reports that the Monetary Authority of Singapore is introducing the service as part of efforts to make the city-state Asia’s top gold-trading hub. The vault is the service; a leading place in the gold trade is the goal.

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