Reuters reports that Korea’s central bank bought 25 tonnes of gold over the past two months. It was the first purchase in more than a decade. Reuters writes,
The Bank of Korea said in a statement its latest gold purchase was valued at $1.24 billion. It did not say whether it had bought gold bullion or funds.
At 25 tonnes of gold, equivalent to 803,769 ounces, the average price paid comes to $1,543 an ounce, based on Reuters calculations.
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