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S. Korean central bank buys more gold in Feb

Posted on 06 March 2013

South Korea’s central bank said Wednesday it increased its holding of gold in three months in February in a bid to diversify the portfolio of its foreign exchange reserves worth more than US$320 billion.
The Bank of Korea (BOK) said it bought 20 tons of gold, raising the central bank’s gold holdings to 104.4 tons valued at US$4.79 billion as of end-February. The move marked the BOK’s fifth purchase of the yellow metal since July 2011 when the bank bought gold for the first time in 13 years. It also bought gold in November 2011, July and November 2012………………………………………..Full Article: Source


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