"Will It Hit the $5,000 Mark by Year-end?"... Buying Sentiment 'U-Turns' as Gold Prices Rebound Sharply
3 Articles
3 Articles
Recently, international gold futures prices have been showing strength, surging 11% over the past month. Trading prices on the domestic KRX gold market have also risen compared to the end of last month, surpassing 200,000 won per gram, and investment enthusiasm for gold and the trend of price rebound are continuing across the market.
Gold prices, which had been showing weakness, rebounded sharply as concerns over the U.S. Federal Reserve's tightening eased. As prices recovered, individual investors, who had maintained a selling stance for three consecutive months, also turned to net buying for the first time in four months. According to the Korea Exchange on the 17th
Retail Investors Buy Gold Again for the First Time in 4 months... Will It Mark a Full-Scale Rebound?
(Seoul = Yonhap News) Reporter Lee Min-young = Amid the recent rebound in gold prices, it was found that individual investors net bought gold this month for the first time in four months.
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