POPA Recon[Korean Economy] [Breaking News] Bank of Korea invests in gold for the first time in 13 years
[Korean Economy] [Breaking News] Bank of Korea invests in gold for the first time in 13 years • The Bank of Korea holds gold exchange-traded funds (ETFs) worth more than 350 billion won in the second quarter of this year. • This is the first gold investment in 13 years since the purchase of 20 tons of physical gold during the time of former Governor Kim Jung-soo in 2013. • The holding ETF is 'SPDR GOLD TR', which holds 679,765 shares, and the valuation at the end of the second quarter is approximately KRW 355 billion (USD 250.41 million). • The Bank of Korea did not own this ETF at the end of…
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