Singapore Opens a 500-Ton Gold Vault for Central Banks. Are They Still Buying?
The Monetary Authority of Singapore (MAS) has launched a gold vaulting service for foreign central banks. The national currency vault can hold up to 500 tonnes. The launch is a bet that central banks will keep buying gold. Their purchases have held up this year, even as gold prices fell. Why Singapore Built a Gold The…
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Central bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
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