Singapore Is Pulling In Dubai Gold as Middle East War Drags On

Imports of gold into Singapore from Dubai hit a record last month, thanks to wealthy investors seeking alternative hubs against the backdrop of an eight-week conflict in the Persian Gulf.

Dealers and some of the world’s largest logistics providers say high net worth investors who store gold in the United Arab Emirates have been worried about insurance provision and the ability to move bullion at short notice, if air space in the region becomes restricted.