Jewellery store heists sweep South Korea amid soaring gold prices

2026-01-29 - 08:23

Thefts at jewellery stores are on the rise in South Korea amid gold’s record-breaking rally, market watchers said on Thursday. International gold prices recently surpassed US$5,300 per ounce for the first time, driven by weakening confidence in US dollar assets amid geopolitical tensions and recent remarks by US President Donald Trump advocating a weaker dollar. Police reports of attempted gold thefts have risen sharply. The suspects tried to quickly convert the stolen items into cash, police...