The balance of gold accounts in South Korean banks is nearing 1 trillion won ($880 million) for the first time, driven by increased demand for safe assets amid the intensifying global trade war. As of 14th, the gold banking balance of KB Kookmin, Shinhan, and Woori Bank was 953.4 billion won. The international gold price surpassed $3,000 per ounce for the first time on the 14th, with predictions it could rise to $3,500 per ounce in Q3 2022.
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Auto-posted at: 2025-03-18 09:04:44