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30.09.26 - 20:51
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Bank of Korea To Buy 1 Ton Of Gold In First Purchase Since 2013 (ZeroHedge)
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Bank of Korea To Buy 1 Ton Of Gold In First Purchase Since 2013
Add South Korea to the list of countries taking tentative steps to hedge their exposure to the US dollar, and fiat in general.
The Bank of Korea will buy approximately one ton of domestically produced gold in December, worth 200 billion won, according to the office of Rep. Chung Tae-ho of the Democratic Party of Korea, a member of the National Assembly's Strategy and Finance Committee, on the 30th.
The move, which follows indirect investment through ETFs in the second quarter, signals a more active push into gold and marks the central bank's first physical gold purchase in 13 years. The first transaction is scheduled for December 14, after the bank establishes the system needed for domestic gold trading, Seoul Daily reported.
In materials submitted to Chung's office, the BOK said the necessary systems are expected to be in place around Dec. 14, allowing the first transaction to take place at that time. The central bank estimate...
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30.09.26 - 16:06
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Amy Gower Says Gold Faces Rate and Dollar Headwinds (Bloomberg)
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Amy Gower said gold is facing significant near-term pressure from rising long-dated bond yields and a stronger dollar, noting that as a nonyielding asset it becomes less attractive when investors can earn higher returns elsewhere. Even so, she argued that gold remains well supported because the metal is still trading above $4,000 an ounce, suggesting other forces are offsetting those headwinds. Gower pointed to strong physical demand, including central bank buying, active purchases from China and Poland, Chinese gold imports running more than 10 times PBOC reserve additions, and rising gold ETF holdings through September, which she said is unusual during a Fed hiking cycle. She also cited longer-term supports such as concerns about currency debasement, government debt, and fiscal sustainability. (Source: Bloomberg)...
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30.09.26 - 14:48
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Gold Jumps As Fed Hike Bets Dip (AFX)
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WASHINGTON (dpa-AFX) - Gold extended gains on Wednesday amidst a drastic repricing of Fed rate hike expectations. A weaker-than-expected labor market data from the U.S. as well as dovish comments ......
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30.09.26 - 12:30
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Gold Circuit turns Amazon into a shareholder for Trainium servers (Digitimes)
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Gold Circuit Electronics (GCE) plans to bring in Amazon as a strategic investor through a private placement expected to raise NT$1.59 billion (US$49.88 million), lifting the two companies from a simple supply-chain relationship to a strategic partnership backed by equity. The deal would also turn a GCE customer into a shareholder of the printed circuit board (PCB) maker, while Amazon invests again in Taiwan's server supply chain after joining Alchip Technologies' private placement in 2024....
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30.09.26 - 12:12
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Goldpreis erholt sich leicht: Die Zinsrisiken bleiben (Ariva)
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Günstigeres Öl verschafft Gold etwas Luft. Steigende US-Anleiherenditen und mögliche weitere Zinserhöhungen belasten jedoch den Markt. Anleger warten nun auf Inflationsdaten und den US-Arbeitsmarktbericht. Im frühen Handel am Mittwoch verteuerte sich Gold am Kassamarkt um 0,41 Prozent auf 4.199,54 US-Dollar pro Feinunze (31,1 Gramm). Damit setzte sich das Plus von 1,6 Prozent vom Dienstag fort. Dennoch deutet sich für den September ein Verlust von rund sechs Prozent an. Druck kommt von den ......
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