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Info.South Korean Mint halts gold bar sales due to supply...

  1. Montekaolino
    2,548 Posts.
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    17/02/25
    20:29
    Post #: 77897694
    Info.

    South Korean Mint halts gold bar sales due to supply shortage09:05 am | Editorial staffThe South Korean Mint has temporarily suspended gold bar sales, adding to signs of a general shortage in physical precious metals markets, writes Mining.com. The Korea Mint and Security Printing Corp. said it is facing problems in sourcing and managing demand and will try to resume sales as soon as possible, according to its website.The reason is that traders from all over the world are rushing to deliver gold bars to the US to forestall possible tariffs on the metal, according to Mining.com. Gold prices on the New York Comex rose above international benchmarks, leading to unprecedented shortages and record outflows from London vaults.The precious metal has reached new highs in 2025 as growing concerns over disruptive tariffs announced by US President Donald Trump are boosting demand for safe-haven assets. Investors are trying to gauge the potential impact on the global economy, reinforcing the precious metal's role as a store of value in uncertain times.© Redaktion GoldSeiten.de
    CRS Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
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