BOK Holds $250 Mil. in US Gold ETF, 1st Gold Investment in 13 Yrs
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Kim Tae-jong = As it is reported that the Bank of Korea is investing in gold for the first time in 13 years, domestic gold-related exchange-traded funds (ETFs) are attracting attention...
South Korea's central bank has bought gold-linked assets for the first time in 13 years, joining a wave of central banks diversifying their reserves amid global geopolitical and economic uncertainties. According to documents filed with the U.S. Securities and Exchange Commission (SEC), at the end of the second quarter, Bank of Korea held 679,765 units of SPDR Gold Shares, the world's largest exchange-traded fund backed by physical gold. The valu…
Bank of Korea invests in gold assets for first time in 13 years
The Bank of Korea's gold investment signals a strategic shift in reserve diversification, potentially impacting global gold market dynamics. The post Bank of Korea invests in gold assets for first time in 13 years appeared first on Crypto Briefing.
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