Analysis of ETF Market Amid Gold and Silver Price Drop
Recently, a steep drop in gold and silver prices has led to significant losses for investors in related Exchange Traded Funds (ETFs). This development is linked to market concerns that the nomination of Kevin Warsh, a former Federal Reserve governor, as a candidate for the next Fed chair, may delay the anticipated interest rate cuts, strengthening the US dollar in response. Consequently, ETFs including KODEX Gold and Silver Futures (H) experienced substantial declines, a phenomenon experts are interpreting as a 'short-term correction'.
Furthermore, at the Korea Exchange, spot gold prices dramatically dropped over 10%, marking an unprecedented limit-down situation. Correspondingly, ETFs based on spot gold sharply declined as well, with a negative spread widening. These events are attributed to price adjustments in the global commodities market and consequent portfolio reallocations affecting gold and silver.
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'CTA Shockwave' Korea Exchange Gold Spot Market Hits Record Low Limit… No Buyers - Yonhap InfomaxThe Korea Exchange gold spot price plummeted 10% during the trading session, hitting the lower price limit for the first time ever. According to Yonhap Infomax's current domestic gold spot price (screen number 3660), the price for 1g of gold in the domestic spot market was traded at 227,700 KRW at around 12:05 PM, down 10% from the previous session. Considering the daily fluctuation limit of the gold spot market is 10%, it corresponds to the lower limit. This is the first record of a lower limit being hit and the largest intraday drop since a 9.94% plunge on August 12, 2020. As of now, the gold spot price remains fixed at the lower limit with only sell orders left, as there are no buy bids.
"What now after catching the last train"... 'Gold and Silver Ants' lament after buying 1.4 trillion won in a month - Korea EconomyIs it real to drop -25% in one day… Panic among ants who bought 1.4 trillion won, ants in shock due to gold and silver price collapse
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뉴스핌2026 2月 02
[Feature Stock] Gold and Silver Plummet on U.S. Fed Appointment Variables... Precious Metal ETFs Fall in Succession - News Pim[Seoul=News Pim] Reporter Kim Ga-hee = As caution regarding the U.S. monetary policy trend grows, gold and silver prices have plummeted, causing ETFs that track them to drop significantly early in the session on the 2nd. According to the Korea Exchange, as of 9:35 AM on this day, KODEX Silver Futures (H