Deutsche Bank opens 200-tonne gold storage facility in Singapore

Deutsche Bank has launched its second-biggest gold-storage vault in Singapore that can hold up to 200 tonnes of the metal as it looks to capture surging global demand for physical bullion.

“There is a growing interest to buy physical gold for investment purposes,” Mark Smallwood, head of wealth planning at Deutsche Asset & Wealth Management for the Asia-Pacific region, told Reuters in an interview. Continue reading