Retail investors return to gold market as prices rebound
Individual investors in Korea are returning to the gold market after selling for three consecutive months, as prices have rebounded from a steep correction following their record highs. According to the Korea Exchange (KRX) on Tuesday, individuals net bought 133 billion won ($94 million) worth of gold on the KRX Gold Market between Aug. 1 and last Friday. The buying turnaround contrasts sharply…
Retail investors in Korea are returning to the gold market as prices have rebounded from a steep correction following record highs. According to the Korea Exchange (KRX), individuals net bought 133 billion won worth of gold between August 1 and last Friday, marking a significant turnaround from the previous selling trend. This shift contrasts sharply with the selling that persisted through May through July, when retail investors offloaded a total of about 524 billion won worth of gold.
The renewed interest in gold is driven by a swift rally in international prices following a prolonged decline, fueled by cooling U.S. inflation data and renewed expectations for Federal Reserve policy easing. Gold futures on the New York Mercantile Exchange reached a record closing high of $5,354.80 per ounce on January 29.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Retail investors return to gold market as prices rebound koreatimes.co.kr
