Surging Popularity of Gold ETFs and Global Oil & Precious Metal Market Trends

The ACE KRX Gold Spot ETF recently attracted 49.5 billion won over the past month, becoming the highest inflow among domestic commodity ETFs. Although the returns on oil-related ETFs have risen, investors are increasingly interested in gold-related products. This trend is influenced by last year's nearly 30% rise in gold prices on international exchanges, which is now undergoing a correction phase. Various factors such as the U.S. Federal Reserve's moderation of interest rate cuts, the potential for Trump's re-election, and central banks buying gold are affecting the gold market.
Global oil prices are climbing due to factors like cold weather in the U.S., expectations for China's economic stimulus, and increased oil demand from Iran. WTI is in the mid-$74 range, while Brent is in the low-$77 range, reflecting hopes for a global economic recovery. Meanwhile, gold and silver futures have increased by 0.6% and 0.4% respectively, with inflation concerns boosting the value of precious metals. Furthermore, palladium and platinum futures are also on the rise, underscoring the strength in the precious metals market.
In the electric vehicle market, there are anticipated changes to EV subsidy policies under a potential Trump administration, which coincides with rising sales of electric and hybrid vehicles in the U.S. Sales increases for companies like GM and Kia support this trend, while Tesla's growth has shown relative slackness. This indicates that shifts in market competition and policy expectations are impacting individual company performances differently.
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Gold Price Pressure Declines, Yet 'Best During Uncertainty'… Capital Influx Surges495 billion won flowed into gold spot ETFs over a month; preference for safe assets despite early-year gold price adjustments. Note US interest rate moderation and Trump risk. ▲Representative at Korea Gold Exchange in Jongno-gu, Seoul
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