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South Korea's mint halts gold bar sales as supply tightens

Section: Daily Dispatches

By Sybilla Gross
Bloomberg News
Tuesday, February 11, 2025

South Korea's mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals.

The Korea Minting and Security Printing Corp. said it is facing problems with sourcing supply and managing demand, and that it will try and resume sales as soon as possible, according to a notice on its website.

... Dispatch continues below ...


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The move comes as traders worldwide rush to deliver bullion to the United States ahead of potential tariffs on the metal. Prices for gold on New York's Comex have surged above international benchmarks, resulting in unprecedented tightness and record outflows from London vaults. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2025-02-12/south-korea-s-mint-halts-gold-bar-sales-as-supply-tightens

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