Surge in Individual Investment in Gold Spot ETFs
Recently, there has been a significant inflow of individual investor funds into domestic gold spot exchange-traded funds (ETFs). The 'ACE KRX 금현물' and 'TIGER KRX 금현물' ETFs have seen net buying of 352.7 billion KRW and 114.2 billion KRW, respectively, in the past month, underscoring growing investor interest. Gold prices have surged over 50% this year, surpassing $4,000 per ounce, with projections indicating a potential rise to $5,000 next year. The increase in investment in gold ETFs is anticipated to be a primary driving force behind next year's potential gold price escalation.
Gold is increasingly recognized as a safe portfolio asset amid economic uncertainty, a trend mirrored by the growing influx of funds into precious metal ETFs in the global market as well. As gold becomes a standout asset for its perceived stability in uncertain economic conditions, investors are finding gold ETFs more attractive for portfolio diversification. This phenomenon is further boosting expectations for gold price increases and signaling a positive outlook for the precious metals market.
Related ETF
Related News
"Gold Price to Reach $5,000 Next Year"…Money Moves to Physical ETFs - Financial NewsDespite recent short-term adjustments, personal investors are flocking to domestic gold physical ETFs. Unlike the overall ETF market, which has seen volatile fund inflows and outflows, gold physical ETFs are consistently experiencing net buying. A representative from a securities company stated, "Just like this year's oil and non-ferrous metals, etc…
Related ETF
Gold Price in the $4000 Era: Money Move to ETFs Despite Adjustments - Financial NewsDespite recent short-term adjustments, a significant amount of retail investor funds are flocking to domestic gold spot ETFs. Unlike the overall ETF market, where volatility in fund inflows and outflows has increased, a steady net buying trend is being maintained in gold spot ETFs. A securities firm official noted, 'This year, like with oil prices, non-ferrous metals, etc...'
Related ETF