Bank of Korea to buy gold from local producers

South Korea’s central bank said it will buy gold from domestic producers to diversify its supply sources and expand official gold holdings. The purchases will be conducted through a framework involving the Korea Exchange and Korea Securities Depository, with gold bought at international market prices. The announcement is supportive for gold demand at the margin, as it signals ongoing central-bank appetite for the metal and could be mildly bullish for bullion sentiment. The article itself does not indicate a major immediate price catalyst, but it reinforces the broader theme of official sector accumulation supporting gold’s long-term value proposition.