Gold and Silver Price Rise, Yet ETF Outflows Persist
Despite the recent recovery in gold and silver prices, there has been an observed decline in the net assets of related Exchange Traded Funds (ETFs). This trend indicates that investors are wary due to increased market volatility, resulting in temporary capital withdrawals. Notably, at the end of last month, the net asset value of gold and silver ETFs was nearly 10 trillion won but dropped by more than 400 billion won within just 11 trading days.
Market experts are closely monitoring the continued upward trend in gold and silver prices despite post-
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Despite the Recovery in Fluctuating Gold and Silver Prices, ETFs 'Stall' - Financial NewsWhile the prices of fluctuating gold and silver show signs of recovery, related ETFs are showing signs of stalling. The previously soaring gold and silver prices wavered after Kevin Warsh, a former Federal Reserve governor, was nominated as the next Federal Reserve Chair at the end of last month. On September 30th, the gold futures price at the New York Commodity Exchange was 11.39%, ..