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Bank of Korea Considers Gold Acquisition
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Overview
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South Korea's central bank, the Bank of Korea, contemplates increasing its gold holdings in the mid to long-term amidst record-high gold prices. The bank currently has 104.4 tonnes of gold valued at $4.8 billion in its reserves.
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How might increasing gold reserves affect South Korea's overall economic resilience?
In what ways could this move impact global gold prices and the broader precious metals market?
What factors would prompt the Bank of Korea to shift from considering to actively purchasing gold?
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