Story thread · 2 reports / 2 sources

Why is BOK buying gold again?

koreaherald.com · 2hShare

After more than a decade, the Bank of Korea is back on a gold-buying spree, raising its exposure to the precious metal as it joins central banks around the world in diversifying their foreign reserves. According to the BOK, the central bank currently holds 104.4 metric tons of gold, valued at $4.79 billion, or 1.1 percent of its total foreign exchange reserves of $427.36 billion at end-June. The relatively small share highlights the BOK's limited exposure to gold compared with other central bank

First report: Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars — riotimesonline.com, 1d