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2025-10-28 13:34:37
South Korea's central bank is considering increasing its gold reserves for the first time in over a decade. The Bank of Korea is considering increasing its gold reserves for the first time in over a decade, a move that could see it join a wave of gold purchases by monetary authorities around the world that has already helped push gold prices to record highs. "The Bank of Korea plans to consider further gold purchases over the medium to long term," said Heung-Soon Jung, director of the Reserve Investment Department at the Bank of Korea's Reserve Management Group. He revealed the bank's last gold purchase in 2013 at a London Bullion Market Association and London Platinum and Palladium Market Association event in Kyoto on Tuesday.
