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Baird & Co. Opens Singapore Office as Asian Gold Demand Rises

Baird & Co., a U.K. precious-metals dealer, opened an office today in Singapore as physical demand for gold rises in Asia.

“There’s a switch of physical demand to Asia,” Tony Dobra, a director at Baird, said in an interview at the London Bullion Market Association’s annual conference in Rome. “We’re seeing all Asian countries with good demand. Obviously China is a major market.”