Commodity and Gold Price Surge: Impact on the ETF Market
Recently, commodity prices have risen amidst the weakening dollar and expectations of interest rate cuts in the US. This trend has led to a strong performance in ETFs related to commodities such as gold, silver, and copper. In the Korean market, domestic gold-related ETFs are achieving high returns due to the 'Kimchi Premium', with the increase in global liquidity playing a significant role in these developments.
Experts suggest that the expansion of liquidity in China and US economic stimulus measures are key factors driving the rise in commodity prices. These economic variables positively impact the ETF market, with a long-term bullish outlook on commodity prices.
Moreover, global investment banks and market experts have recently raised their forecasts for gold prices. Geopolitical risks and increased gold purchases by central banks are contributing to record high gold prices. Gold futures prices reached historic peaks recently, with projections for higher prices by late 2026. Goldman Sachs has suggested a strong potential for substantial long-term gold price increases.
In conclusion, aggressive purchasing activities by central banks and ETF speculators are the main drivers behind gold price rises, with the possibility that gold prices could exceed $10,000 per ounce by 2030 being considered.
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Is the ‘$10,000 Gold Era’ Becoming a Reality? Continued Bull Market ExpectedGlobal investment banks (IB) and market experts are successively raising their gold price forecasts. The structural demand, including geopolitical risks, aggressive buying by central banks, and the U.S. Federal Reserve's accommodative monetary policy, is expected to continue driving gold prices upward. On the 8th (local time), the December delivery gold futures price on the New York Mercantile Exchange (COMEX) set a new all-time high at $4,070.5 per troy ounce, up 1.7% ($66.10) from the previous day. This comes as gold futures prices exceeded $4,000 per ounce for the first time ever the previous day and have since stabilized.