Gold Prices Surge and Increased ETF Investment
Gold prices have hit record highs, leading to substantial capital inflows into related ETFs. The 'ACE KRX Gold Spot' ETF by Korea Investment Trust Management and the 'TIGER KRX Gold Spot' ETF by Mirae Asset have seen inflows of 3889 billion won and 1509 billion won, respectively, over the past month. This influx of capital aligns with the projections by financial institutions like Goldman Sachs and Morgan Stanley, which foresee gold prices reaching between $5,400 and $6,000 per ounce by the end of 2026.
The high demand for gold can also be observed domestically, with the price of 1 gram of gold in Korea rising to 243,650 won. Banks are witnessing a surge in gold bar sales, indicating a sharp increase in demand for gold-related investment products. Experts attribute the ongoing upward trend in gold prices to factors such as geopolitical risk, de-dollarization, and an increased preference for tangible assets.
Gold-related ETFs have been achieving high returns, capturing the attention of investors. This trend serves as a key indicator for predicting future movements in the gold market. Investors see an opportunity to diversify their portfolios by investing in gold as a safe asset, and related ETFs are expected to experience continued significant growth.
Related ETF
Related News
This Trend Among the Wealthy…Gold Banking and Gold Bar ETFs - SBS Biz[Anchor] As gold prices continue to reach all-time highs, funds are also flowing into gold-related investment products. The rally in gold is being driven by an expansion in demand for indirect investments such as deposits and ETFs, as well as physical gold. This is reporter Lee Min-hoo. [Reporter] As international gold prices surged, domestic physical gold prices also rose simula…
'Riding on Dollar Doubts,' Gold Prices Soar to $5,000, Immediate Profit-Making ETF Investment Frenzy Heats Up - Business Post'Riding on Dollar Doubts,' Gold Prices Soar to $5,000, Immediate Profit-Making ETF Investment Frenzy Heats Up
Related ETF
[Bank Balance GO] Gold Prices Reach Record Highs Instantly…Considering ETFs? - DailyanAs international gold prices surge to $5,000 per ounce and domestic gold prices exceed 1 million won, the perception that 'only gold is the true safe asset' is becoming more entrenched. In this climate, investor interest is turning towards gold-related Exchange Traded Funds (ETFs). According to Koscom ETF check on the 27th, the 'ACE KRX Gold Spot', the first gold spot ETF in the country, has been attracting attention since the beginning of the year (from January 2nd to January...