SINGAPORE, June 11 (Reuters) - DBS Group, Singapore's biggest bank by assets, said on Thursday it will offer tokenised physical gold to retail customers as demand for the precious metal grows and the city-state pushes to become a gold trading hub.
The rollout comes as gold remains in demand as a store of value despite recent price swings. Gold prices touched a record high of $5,600 an ounce this year amid concerns over inflation, geopolitical tensions and market volatility, but spot gold fell to $4,111.95 on Wednesday, its lowest since March 23 and down 27% from that peak. [GOL/]
