BOK holds $250 mil. in US gold ETF, 1st gold investment in 13 yrs

The Bank of Korea has invested in a gold exchange-traded fund (ETF) for the first time in 13 years, holding over $250 million worth of shares. This move is significant as it indicates a shift in the central bank's asset allocation strategy. The investment in gold may be a hedge against potential market volatility and inflation, which could have implications for the Korean economy and currency.

Read the source report: The Korea Times