Korea’s Kim hints at move into gold: reports


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

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