The Bank of Korea has purchased $250 million in gold ETFs, marking its first gold-related acquisition in 13 years. The position, consisting of 679,765 shares of the SPDR Gold Trust (GLD), is classified as a security within the bank’s foreign-exchange reserves. This acquisition is part of a broader strategy to diversify reserves, with the bank also planning to acquire domestically produced gold under a new framework. The purchase does not affect the central bank’s physical gold holdings.
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