13 March 2024
As central banks are amassing gold, South Korea’s reserve bank remains noticeably inactive, holding its gold reserves constant at 104.4 tons since 2013. This inaction comes at a time when, according to the World Gold Council, global central banks have significantly increased their gold holdings, adding 39 tons in January alone. This continues the trend of heavy gold acquisitions, with over 2,000 tons purchased in the past two years.