Australia's ANZ bank closes Singapore gold vault
By GCRU Gold News on Saturday, January 26 2019, 01:40 - Permalink
Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia’s largest, said on Thursday it was closing its precious metals vault in Singapore.
The bank opened the vault - which could hold 50 tonnes of gold worth around $2 billion at current prices - in 2013. That year, ANZ said it distributed close to 15 percent of the world’s primary gold production.