LBMA in Singapore: Strengthening Asia's Role in the Global Gold Market

Wed June 17 2026

LBMA was pleased to be in Singapore for the 2026 Asia Pacific Metals Conference (APPMC), one of the key convening points for the Asia-Pacific precious metals market.

The event underlined Asia’s growing importance in global precious metals and the need for trusted, resilient and better-connected markets. As Mr Gan Kim Yong (Deputy Prime Minister and Minister for Trade and Industry) stated in his opening speech: “The gold market works best when liquidity and infrastructure are connected across regions. With an established clearing infrastructure and strong market ecosystem, Singapore can support a more seamless global market across time zones – from Asia, to Europe, to the Americas.”

Ruth Crowell (CEO, LBMA) took part in Bloomberg interviews on gold, geopolitics and gold’s evolving role in the global financial system, reinforcing the message that “safe haven” is too narrow a description for gold: it is a truly global asset and an important part of portfolios and reserve architecture.

During APPMC, LBMA announced that in collaboration with ICE Benchmark Administration (IBA) we have commenced a consultation with market participants regarding potential enhancements to the LBMA Gold Price. The consultation includes discussion on whether adjustments to the timing of the morning auction could better align with Asian trading activity, as well as whether additional currency options may further support accessibility for market participants in the region. The announcement followed feedback from the LBMA price participants consultation in 2025, discussions in Hong Kong as well as discussions with the LBMA Asia Working Group which was also convened during APPMC. More will be communicated in coming months. If you have feedback at this stage, please contact IBA@ice.com.

The LBMA Asia Working Group brings together senior representatives from exchanges, banks, refiners, logistics providers, technology firms, associations and government stakeholders to discuss the future development of the Singapore and Hong Kong markets. Other topics at this session included, interoperability, market infrastructure, Gold Bar Integrity and future market connectivity across Asia.

Altogether, the discussions in Singapore reinforced a clear message: the future of the gold market will be shaped by greater connectivity, collaboration and participation across regions. LBMA would like to thank Albert Cheng (CEO, SBMA) and the SBMA team for hosting another successful APPMC and facilitating important regional conversations.

Source: https://www.lbma.org.uk