SEOUL, Feb. 12 (Korea Bizwire) — The Korea Minting and Security Printing Corporation (KOMSCO) has suspended gold bar sales as global demand for the precious metal surges, fueled by renewed fears of a tariff war under newly re-elected U.S. President Donald Trump. On April 10, gold spot prices closed at $2,908.17 per troy ounce, marking the [...]
SEOUL, Aug. 14 (Korea Bizwire) – Sales of gold bars, regarded as a safe haven for investors, are increasing in South Korea amid escalating tensionwith North Korea, industry sources said Saturday. The Korea Gold Exchange, a local trader, said the average daily sales of100-gram gold bars reached 250 units since Wednesday, rising sharply from 50 units on average. Industry watchers said the demand for smaller gold bars is increasing as they are easier to carry compared [...]