[Singapore Deputy Prime Minister: Singapore Exchange to Establish OTC Gold Clearing System] According to Golden Finance, Singapore's Deputy Prime Minister stated that the Singapore Exchange will establish an over-the-counter (OTC) gold clearing system and is exploring physically deliverable gold futures contracts. The Monetary Authority of Singapore (MAS) will remove the 5% cap on physical precious metal investments under the fund tax incentive scheme, and MAS will launch central bank vault custody services before October.