DID Press: A Bloomberg report says investors are shifting large volumes of gold from Dubai to Singapore, driven by rising geopolitical tensions in the Persian Gulf region and growing concerns over asset security.
According to official figures, 1,446 kilograms of gold were transferred from Dubai to Singapore in March alone—marking the highest level in five years.
Analysts attribute the movement to fears among wealthy investors over potential airspace restrictions and the lack of insurance coverage in the event of a wider conflict escalation.
Singapore has emerged as an alternative safe haven due to its stable infrastructure, strong regulatory framework, and transparent financial system, making it increasingly attractive for high-value asset storage.
Industry participants in the gold logistics sector report a sharp increase in demand for cross-border transfers, with more than ten requests per day recorded in the early weeks of regional tensions.
The trend underscores a broader shift in investor priorities, with physical security of assets becoming more important than market returns in periods of heightened uncertainty.