Singapore Taps JPMorgan, UBS to Push Regional Gold Hub Ambition

Singapore is cranking up efforts to turn itself into a regional gold hub, tapping local and international banks including JPMorgan Chase & Co. and UBS Group AG to help boost liquidity and make the most of demand from wealthy investors.

The Monetary Authority of Singapore has had meetings with lenders over recent months to assess the potential of the city-state as a physical trading hub, according to people familiar with the matter. They asked not to be named as the plan is not yet public.