The Bank of Korea’s latest move is a bit big! Their 13F filings submitted to the U.S. show that for the first time in 13 years, they bought gold-related assets, with a size of roughly $250 million.
Meanwhile, the authorities also said they are preparing to purchase domestically produced gold. Many South Korean analysts think this could be a new signal, suggesting that South Korea is starting to gradually increase its gold reserves.
Personally, I think once an institution at this level starts taking action, the market will definitely turn it into a talking point. The hype atmosphere in South Korea has always been strong, so there’s a fairly high chance that gold will be targeted next. If you want to track South Korean capital flows going forward and gold-related instruments, join the chat room—I'll sync single trade entry levels and ideas with you as soon as possible.
#三星SK海力士领涨首尔股市 $XAU $SKHYNIX
Meanwhile, the authorities also said they are preparing to purchase domestically produced gold. Many South Korean analysts think this could be a new signal, suggesting that South Korea is starting to gradually increase its gold reserves.
Personally, I think once an institution at this level starts taking action, the market will definitely turn it into a talking point. The hype atmosphere in South Korea has always been strong, so there’s a fairly high chance that gold will be targeted next. If you want to track South Korean capital flows going forward and gold-related instruments, join the chat room—I'll sync single trade entry levels and ideas with you as soon as possible.
#三星SK海力士领涨首尔股市 $XAU $SKHYNIX