Korea considering shifting dollar assets to gold

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Korea considering shifting dollar assets to gold

The Bank of Korea is considering diversifying its foreign-asset portfolio, local news sources reported on Tuesday.

Maeil Business Newspaper, a Seoul-based publication, reported that the central bank was looking to reduce the proportion of dollar-denominated assets in its $254 billion reserves stockpile, the sixth largest in the world.

A central bank official was quoted as saying that the institution was "reviewing the strengths and weaknesses of stacking gold" while keeping a close eye on market

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