Gold price by end of DecemberThe Bank of Korea (BOK) is reportedly planning to purchase physical gold for the first time in 13 years, as reported by Korea Times. This development marks a significant shift in the BOK’s strategy, which has maintained stable gold reserves of approximately 104.4 tonnes since 2013. The central bank aims to acquire domestically produced gold, leveraging the infrastructure of the Korea Exchange and Korea Securities Depository. The decision could be indicative of a diversification strategy within South Korea’s reserve assets, potentially impacting the global gold market. The purchase marks a notable change in South Korea’s gold reserve strategy, suggesting a potential domestic economic impact.