Increase in Gold Prices and ETF Investments
Recently, international gold prices have been rising continuously, leading to substantial capital inflows into domestic gold-related ETFs. Diversified ETFs such as ACE KRX Gold Spot are showing high returns and are gaining attention, with investors preferring these ETFs for their tax and liquidity advantages. Gold mining company ETFs have also seen improved returns due to rising gold prices.
Global uncertainties and changes in the Federal Reserve's interest rate policy outlook are supporting the upward trend in gold. Changes in US political and economic policies, particularly those under President Trump's tariffs and a weak dollar policy, as well as the possibility of interest rate cuts, have contributed to the gold price rally. Amidst this, there is an increase in gold purchases by central banks worldwide, and a clear trend towards gold investment is evident in the domestic sphere.
JP Morgan and Goldman Sachs forecast continued gold price increases, with expectations that the popularity of various gold-related ETF products will persist. Demand for precious metals like silver and palladium is also rising, placing related ETFs among the top in terms of returns. Notably, 'HANARO Global Gold Mining Company' stands out with improved profitability due to rising gold prices and decreased extraction costs. JP Morgan predicts gold prices could reach $4,250 per ounce by the end of next year, emphasizing the ongoing influx of funds into ETFs.
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