Report on Gold Price Surge and Related ETF Trends
According to NH Amundi Asset Management’s October report, gold prices have risen by approximately 47% since the beginning of the year, alongside improved profitability for gold mining companies. This increase is attributed to the decline in the value of the dollar, rising demand for gold as an alternative asset, and global economic uncertainties. Moreover, the accumulation of gold by central banks worldwide and the Federal Reserve's interest rate cuts have supported the upward trend in gold prices. The HANARO Global Gold Mining Companies ETF has surged over 109%, with key companies showing rising earnings per share.
The recent surge in international gold prices has heightened attention on gold-related exchange-traded funds (ETFs). Gold futures have reached record highs, with major global investment banks predicting further increases next year. NH Nonghyup Bank has introduced the 'KODEX Gold Active' ETF as a retirement investment channel, offering a stable investment option as it follows international gold standard prices.
Related ETF
Related News
[Market+] Retirement Pension Also Turns to 'Gold ETF' Amid Growing Interest in Gold - Business PlusWith recent expectations for interest rate cuts and increasing economic uncertainty, the international gold price continues its upward trend. As demand for investing in gold—a safe asset—increases significantly, gold exchange-traded funds (ETFs) are being highlighted as an alternative for pension investors seeking long-term asset stability. According to the financial sector on the 3rd, on the 1st (local time), when the US federal government entered a shutdown, gold futures prices rose 0.6% compared to the previous day, reaching an all-time high of $3,897.5 per ounce. The price has surged nearly 50% compared to the beginning of the year.
Related ETF
NH-Amundi Asset Management, HANARO ETF Report Released - meconomynews.comNH-Amundi Asset Management announced on the 2nd that it has published the 'October HANARO ETF (Exchange-Traded Fund) Monthly Report'. The report explains the gold price rally that has continued since the beginning of the year. The gold price reached $3,873.2 per ounce (approximately 5.42 million won) on the 30th of last month, up about 47% compared to the beginning of the year. This is a result of a combination of factors including ▼ the decline in the value of the dollar, ▼ increased demand for 'gold' as an alternative asset, and ▼ increased global economic uncertainty. The positive trend of active gold buying by central banks worldwide is also notable. The movement to diversify foreign exchange reserves mainly focused on US Treasury bonds is accelerating, resulting in steady gold purchases.