Markets News

The Bank of Korea has restarted its gold purchase program after 13 years; the opportunity is just around the corner!

The Bank of Korea has restarted its gold purchase program after 13 years; the opportunity is just around the corner!

· The Bank of Korea plans to purchase domestically refined gold bars for the first time in 13 years. This news is bullish for gold. · The US Treasury raised its Q3 borrowing forecast to $739 billion. This news is positive for the US dollar and negative for US Treasury bonds. · Data from the Bank of Japan's accounts suggests that Japan may have spent approximately $34 billion to intervene in the foreign exchange market last Friday to support the yen. This news is bullish for the yen.

TOPONE Markets Analyst
2026-08-04 08:36:29
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6
    • 103
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6
    • 103