Posted On: 12/04/2012 4:50:05 PM
Post# of 28540
SEOUL, Dec 5 (Reuters) - South Korea's central bank said on
Wednesday it bought 14 tonnes of gold in November using its
foreign reserves in order to spread its portfolio risks, while
releasing data showing total reserves rose after talk of market
intervention.
The Bank of Korea bought the gold for $780 million, marking
the fourth purchase in about one-and-a-half years and lifting
the proportion of gold in its total foreign reserves to 1.2
percent from the previous 0.9 percent, it said in a s
Wednesday it bought 14 tonnes of gold in November using its
foreign reserves in order to spread its portfolio risks, while
releasing data showing total reserves rose after talk of market
intervention.
The Bank of Korea bought the gold for $780 million, marking
the fourth purchase in about one-and-a-half years and lifting
the proportion of gold in its total foreign reserves to 1.2
percent from the previous 0.9 percent, it said in a s
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