CMC Markets is pursuing expanded regulatory permissions in Singapore to enter the physical precious metals market.
Precious metals markets have remained active amid volatility. Prices have been affected by interest rate expectations, central bank activity, geopolitical developments, and currency movements.
Periods of market stress can increase safe-haven demand, while leveraged positions in derivatives markets may amplify short-term price movements. Industry participants report that gold accounts for a significant portion of over-the-counter turnover.
Regulatory Role and Responsibilities
The firm has advertised a senior role in Singapore related to the initiative. The position includes obtaining approval under the Precious Stones and Precious Metals Act, enabling the company to operate as a regulated dealer in precious metals.
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Responsibilities cover oversight of physical gold transactions, gold-backed financing arrangements, client funding processes, anti-money laundering controls, regulatory liaison, pricing governance, and trade supervision.
CMC Markets Eyes Bullion Trading Strategies
CMC Markets currently offers cash equities and over-the-counter derivative products in Singapore.
Approval under the precious metals framework would introduce a new business line for the purchase, sale, and custody of physical bullion. Holdings could be used within client strategies, including margin and collateral structures, subject to regulatory requirements.
Gold Forecasts Show Broad 2026 Uncertainty
Analyst projections for gold prices in 2026 highlight both the potential for further gains and the ongoing market unpredictability. Several major financial institutions forecast year-end targets above $6,000 per ounce, supported by central bank purchases and sustained investor demand for hard assets.
Other forecasters are more cautious, anticipating limited upside or modest declines from current levels. These divergent projections reflect the complex environment in which gold prices operate, shaped by interest rate expectations, currency movements, geopolitical developments, and broader market volatility .
Together, they underscore both the resilience attributed to gold as a store of value and the potential for continued short-term price fluctuations, providing context for firms such as CMC Markets as they consider entering the physical precious metals market.