Kimchi Premium in Gold ETFs and Global Gold Price Trends
Korea Investment Trust Management is continuously providing information on the 'Kimchi Premium' caused by the price gap between domestic and international gold markets to ACE KRX Gold Spot ETF investors. The Kimchi Premium has emerged due to a surge in domestic gold investment demand, highlighting its importance in investor protection. The company updates premium and gold price information in real-time through its official website and KakaoTalk channel to help investors make informed decisions.
Additionally, the recent international gold price has plunged by over 6% following a previous peak, marking the largest drop since 2013. This has significantly impacted the gold ETF market, with SPDR Gold Shares falling by 6% and gold mining ETFs by approximately 10%. Experts attribute this sharp decline to the need for technical correction after the steep surge in recent months. Central bank gold purchases and ETF fund inflows remain key factors driving gold price increases.
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'Doing Our Best to Protect Investors'... Korea Investment Management Keeps Guiding on Domestic Gold Price Premiums - Seoul Economic DailySecurities > Domestic Stock Market News: Korea Investment Trust Management is protecting investors in the ACE KRX Gold Spot ETF related to the difference between domestic and international gold prices (Kimchi Premium)...
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Hanteo Asset Management Continues to Guide Investors on Domestic Gold Price Premium - Business PlusHanteo Investment Trust Management announced on the 22nd that it is continuously providing guidance to protect ACE KRX Gold Spot Exchange Traded Fund (ETF) investors regarding the difference between domestic and international gold prices, commonly known as the 'Kimchi Premium'. The premium is analyzed to have arisen due to the recent increase in domestic gold investment demand. The ACE KRX Gold Spot ETF is the largest gold ETF in Korea, with a net asset value of 2.6963 trillion KRW as of the 21st. Hanteo Investment Trust Management has been updating domestic and international gold prices daily through its official website since September 26. The peak of the premium was recorded on October 15 at 18.56%.
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Hanwha Asset Management Continues to Provide Investor Notices Regarding Domestic Gold Price Premium - E-TodayHanwha Investment & Securities continues to provide guidance for protecting investors in the ACE KRX Gold Spot ETF regarding the difference between domestic and international gold prices (Kimchi Premium).
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Gold Price Sees Biggest Drop in 12 Years: 'Rally Over' vs 'Temporary Correction' [Stocks+] - The Korea Economic DailyGold prices experience the largest drop in 12 years: 'rally over' vs 'temporary correction', falling 6% in a day after reaching an all-time high the previous day. ETFs and gold mining stocks plummet amidst a stronger dollar and expectations of easing US-China trade tensions.