The number of such investors is growing, as is the proportion of gold in their assets under management
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Gold up 15 per cent in the year to date
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OCBC: One in six of all digital investments are in precious metals
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UOB: Younger investors allocating more AUM to gold
Younger retail investors in Singapore are turning to gold as an affordable investment in times of uncertainty, market players have said. In particular, the younger crowd are also looking at digital gold investments.
Spot gold prices surpassed US$2,400 per ounce in May and have held steady at around US$2,300 since. Prices are up more than 15 per cent in the year to date.
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