Gold futures climbed to a record high on Friday after a report that the U.S. had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes.
A ring of smugglers that laundered gold bars worth 3 billion won ($2.18 million) through Korea has been indicted, and among them was a lawyer who had previously defended a similar smuggling case.
Thin gold bars displayed at the Korea Gold Exchange office in Jongno District, central Seoul, Tuesday. Gold bars on Tuesday surged to an annual high, with a single gram of gold valued at 70,069 won ($58).
Korea JoongAng Daily Sitemap
