On 12 February, Gold News reported that the Korea Minting and Security Printing Corporation has suspended the sale of gold bars, further indicating a general tightness in the physical precious metals market supply. The Korea Minting and Security Printing Corporation announced on its website that the company is facing issues in sourcing supply and managing demand, and stated that they will strive to resume sales as soon as possible. This move comes as global traders rush to ship gold bars to the United States before potential tariffs on gold by the US. The price of gold on the New York Commodity Exchange has soared above the international Benchmark price, leading to an unprecedented tightness in the market, with record outflows from the London gold vaults.
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Kore Madeni Para Ofisi, altın çubuk satışını tedarik sıkıntısı nedeniyle durdurdu
On 12 February, Gold News reported that the Korea Minting and Security Printing Corporation has suspended the sale of gold bars, further indicating a general tightness in the physical precious metals market supply. The Korea Minting and Security Printing Corporation announced on its website that the company is facing issues in sourcing supply and managing demand, and stated that they will strive to resume sales as soon as possible. This move comes as global traders rush to ship gold bars to the United States before potential tariffs on gold by the US. The price of gold on the New York Commodity Exchange has soared above the international Benchmark price, leading to an unprecedented tightness in the market, with record outflows from the London gold vaults.