Singapore central bank lifts gold holdings by 30%

The Monetary Authority of Singapore has raised its gold reserves by close to 30% since the start of this year, making it only the second time the central bank has increased gold holdings in the past few years. MAS’ gold holdings increased to 6.4 million fine troy ounces at the end of January 2023, up a little over 30% from 4.9 million fine troy ounces the previous month as well as a year ago, according to official monthly reserves data released in late February.  The increase is…