The post Gold Buying Back on the Table for Korea’s Central Bank appeared on BitcoinEthereumNews.com. South Korea’s central bank is contemplating a return to gold buying for the first time since 2013, signaling a potential shift in its reserve management strategy. The move comes amid growing demand for the precious metal, as investors seek protection from inflation and currency weakness. Sponsored Bank of Korea Weighs Buying Gold Again According to the latest data by the World Gold Council (WGC), as of October, the Bank of Korea held 104.4 tons of gold, ranking 41st globally. It last added to its gold reserves in 2013, concluding a three-year buying spree that began in 2011. During that period, the central bank purchased 40 tons in 2011, 30 tons in 2012, and 20 tons in 2013. Nonetheless, the decision drew domestic criticism, as gold entered a prolonged price slump. The bank’s timing led to significant backlash, contributing to its hesitance to re-enter the market. Nonetheless, as macroeconomic conditions deteriorate, inflation accelerates, and currencies weaken, the bank is reconsidering its earlier stance. Heung-Soon Jung, director of the Reserve Investment Division at the Bank of Korea’s Reserve Management Group, announced the decision on Tuesday during the London Bullion Market Association and London Precious Metals Markets event in Kyoto. “The Bank of Korea plans to consider additional gold purchases from a medium- to long-term perspective,” he said. Sponsored Jung noted that the bank will monitor the market before deciding when and how much gold to purchase. He added that any move would depend on how the country’s reserves evolve and on the direction of gold prices and the Korean won. Global Central Banks Lead Gold Accumulation The Bank of Korea’s renewed interest in gold comes amid a significant redeployment of global reserves. During the first half of 2025, 23 countries increased their gold holdings. In the second quarter, Poland acquired 18.66 tonnes,… The post Gold Buying Back on the Table for Korea’s Central Bank appeared on BitcoinEthereumNews.com. South Korea’s central bank is contemplating a return to gold buying for the first time since 2013, signaling a potential shift in its reserve management strategy. The move comes amid growing demand for the precious metal, as investors seek protection from inflation and currency weakness. Sponsored Bank of Korea Weighs Buying Gold Again According to the latest data by the World Gold Council (WGC), as of October, the Bank of Korea held 104.4 tons of gold, ranking 41st globally. It last added to its gold reserves in 2013, concluding a three-year buying spree that began in 2011. During that period, the central bank purchased 40 tons in 2011, 30 tons in 2012, and 20 tons in 2013. Nonetheless, the decision drew domestic criticism, as gold entered a prolonged price slump. The bank’s timing led to significant backlash, contributing to its hesitance to re-enter the market. Nonetheless, as macroeconomic conditions deteriorate, inflation accelerates, and currencies weaken, the bank is reconsidering its earlier stance. Heung-Soon Jung, director of the Reserve Investment Division at the Bank of Korea’s Reserve Management Group, announced the decision on Tuesday during the London Bullion Market Association and London Precious Metals Markets event in Kyoto. “The Bank of Korea plans to consider additional gold purchases from a medium- to long-term perspective,” he said. Sponsored Jung noted that the bank will monitor the market before deciding when and how much gold to purchase. He added that any move would depend on how the country’s reserves evolve and on the direction of gold prices and the Korean won. Global Central Banks Lead Gold Accumulation The Bank of Korea’s renewed interest in gold comes amid a significant redeployment of global reserves. During the first half of 2025, 23 countries increased their gold holdings. In the second quarter, Poland acquired 18.66 tonnes,…