Central banks
Bank of Korea resumes gold purchases, diversifies reserves with domestic supply
World Gold brief based on reporting bybiz.chosun.com
Reported by biz.chosun.com: “Bank of Korea resumes gold purchases, diversifies reserves with domestic supply”. Gold settled at $4,034 an ounce on August 3, 2026 — $129.69 per gram, -0.38% on the day.
Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase.
- official reserves
- physical demand
- currency confidence
- long-term expectations
- next reserve disclosure
- net purchase volume
- geographic breadth
Methodology and transparency
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.