South Korea is experiencing a gold investment boom, with gold banking balances exceeding ₩1.1 trillion ($825 million) in April 2025, nearly double the figure from a year ago. Physical gold demand has also surged, with April sales of gold bars reaching ₩34.87 billion ($26 million), more than four times higher than April 2024. This increased demand has caused supply shortages, forcing manufacturers to temporarily halt distribution earlier this year. Banks are now gradually resuming sales of various gold bar sizes as inventory improves, with prices in Korea’s gold market up 16.3% since the end of 2024.

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Morgan Stanley Sees Gold at $4,800, Silver Lagging Behind
November’s delayed jobs report shows unemployment at 4.6%—the highest since 2021—while Morgan Stanley forecasts gold reaching $4,800/oz by late 2026. Ivory Coast miners cave to new taxes, Bitcoin posts its fourth annual loss, and silver faces headwinds from falling solar demand. Here’s what matters for investors.




