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Korean Gold Market Hits Historic 108B Won Trading Peak

Perth Mint Gold Scandal: Mint Regains Global Confidence
Perth Mint Gold Scandal: Mint Regains Global Confidence

The Korea Gold Exchange witnessed a dramatic system failure on February 6 as trading volumes reached historic levels.

Spurred by mounting geopolitical tensions and economic uncertainties, trading volume soared to 108.83 billion won – shattering previous records and marking the first time trading exceeded 100 billion won since the market’s 2014 inception.

This peak followed an escalating pattern of record-breaking activity, with volumes climbing from 50 billion won in October to 71 billion won in early February, highlighting growing investor appetite for safe-haven assets amid global instability.

Eight more from the desk

Other dispatches from the bullion wire.