✉news BusinessBanking first seen 1 d ago, last 12 h ago, peak #25
Bank of Korea to buy gold from domestic producers in December
Original: Bank of Korea plans gold purchase from domestic producers in December
The Bank of Korea is planning to purchase gold from domestic producers in December. If carried out, it would mark a notable step by the central bank to acquire locally mined gold, at a time when central banks worldwide have been increasing their gold reserves amid economic and geopolitical uncertainty.
Why now: Central bank gold buying signals reserve strategy shifts and comes amid strong global interest in gold as a hedge.
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