Thursday, August 2, 2012

S.Korea central bank says it bought 16 tonnes of gold in July

SEOUL, Aug 2 (Reuters) - South Korea's central bank said on Thursday that it bought 16 tonnes of gold inJuly as easing financial markets after a turbulent 
June allowed it to push ahead with efforts to 
diversify its massive foreign exchange reserves.
    It put the total value of the purchase, which 
was made on multiple occasions during July and 
boosted its gold holdings to 70.4 tonnes, at 
$810 million, slightly less than $850 million it
spent buying 15 tonnes of gold in November of last year

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