Maybank CEO: Gold is flowing from Dubai to Singapore

Bitget

News

智通财经2026/09/09 06:36

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Alvin Lee, CEO of Maybank Singapore, stated that Asia's ultra-high-net-worth individuals are actively allocating to new asset classes. Gold remains highly attractive as a store of value—even though gold prices have receded from historic highs, the current level remains elevated at around $4,400 per ounce. Goldman Sachs expects that central bank purchases will drive gold prices to $4,900 per ounce by the end of the year.
Singapore continues to attract offshore wealth thanks to its safe haven status, strong intellectual property protections, stable government, and attractive tax regime. Following the Middle East conflict, significant funds have been flowing back to Singapore from Dubai, and physical gold is also being shipped from Dubai to Singapore on a historic scale.
An increasing number of wealthy Chinese are optimistic about Malaysia, purchasing real estate in Kuala Lumpur, Malacca, and Penang for personal use as well as for business purposes. Malaysia offers more attractive valuations compared to Singapore. (According to the Hurun Rich List, China has 1,110 billionaires, surpassing the United States’ 1,000 billionaires.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Maybank CEO: Gold is flowing from Dubai to Singapore

You may also like

Crypto prices