Why is BOK buying gold again? - The Korea Herald
Source: The Korea Herald
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DW NOTE
The BOK hasn't disclosed gold purchases since 2013. When a central bank reverses thirteen years of silence on reserves diversification while the Strait of Hormuz sits mined shut and oil supply is projected to fall 4.3 million barrels per day this year, the question answers itself.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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