Korea’s Kim hints at move into gold: reports

gold-investment

Kim Choong-soo, the governor of the Bank of Korea, hinted Monday in testimony to lawmakers that the central bank may consider expanding the share of gold in its reserves, four days after the price of the metal hit an all-time high of $1,387.10 per troy ounce.

The Financial Times, a business newspaper, reported Kim as saying that the central bank needed to "give careful consideration to... increasing gold volumes in the foreign reserves," in an appearance before a parliamentary committee in Seoul

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: