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MAS' gold holdings up nearly 250% by value in 2023

Indira Vergis
The central bank's physical holdings of the precious metal have climbed by close to 50% in the first seven months of the year. Yet gold's share in the reserves portfolio remains small.
MAS' gold holdings up nearly 250% by value in 2023

Singapore’s central bank has been an active buyer of gold in 2023, which has helped boost the value of its gold holdings by close to 250%.

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