Thursday, 27 August 2015

Bucking trend, Koreans on gold buying spree

South Koreans are on course to buy a record amount of gold in 2015, worried that a meltdown in China's stock markets will destabilise South Korean equities and keen to replenish a traditional store of value in an era of low interest rates. In contrast to the weak demand in top gold buyers China and India, South Koreans are on target to buy 1 trillion won (US $860 million) in bullion for the first time this year,..Read More

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