The South Korean central bank may purchase gold for the first time in over a decade

The South Korean central bank is planning to consider increasing its gold reserves from a medium to long-term perspective, which will be the first increase in gold reserves since 2013. The central bank stated that it will closely monitor market dynamics to determine the timing and scale of gold purchases.

Previously, due to market expectations that the United States and China could reach a trade agreement, the safe-haven demand for gold has declined, with spot gold falling below $4,000, currently down 1.21% to $3,931.18. December futures gold also fell 1.84%, reported at $3,945.9