Bank of Korea invests in gold assets for first time in 13 years

The Bank of Korea has made its first investment in gold-related assets in 13 years, according to Bloomberg Economics. The central bank’s re-engagement with gold investments includes acquiring gold-linked exchange-traded funds and domestically produced bullion. This move is part of a broader strategy to diversify its reserve assets and enhance reserve management. The Bank of Korea’s gold holdings stood at 104.4 metric tons as of June 2026, representing about 1.1% of its foreign-exchange reserves. The renewed activity in gold investments by a major central bank appears to have implications for the broader gold market. Market participants are observing these developments as a potential indicator of increased central bank interest in gold, which may influence market pricing. The Bank of Korea’s actions are consistent with efforts to diversify its asset holdings and reflect a strategic pivot towards gold amid global economic uncertainties. Key Takeaways The Bank of Korea’s first gold-linked investment in over a decade suggests a renewed interest in diversifying reserve assets. Market pricing suggests that this move could be supportive of higher gold prices, with increased attention from...