The Bank of Korea boosted gold holdings in its foreign-exchange reserves for the second time this year as Europe’s debt crisis roiled global financial markets and investors sought safer assets. The central bank purchased 15 metric tons last month, boosting its holdings to 54.4 tons, which is equivalent to 0.7 percent of its total reserves, Lee Jung, head of the investment strategy team at the bank’s Reserve Management Group, told reporters in Seoul. The bank purchased 25 metric tons over a one-month period from June to July, the first such purchases in more than a decade, joining other emerging-market countries in ... (full story)