Retail investors return to gold market as prices rebound

The Korea Times reports that individual investors in Korea are returning to the gold market after a three-month period of selling, as prices have rebounded following a steep correction. According to the Korea Exchange, retail investors net bought 133 billion won worth of gold on the KRX Gold Market between August 1 and last Friday, marking a significant turnaround from the selling trend that persisted through May through July.

During this period, investors offloaded a total of 524 billion won worth of gold, with individual investors stepping up their purchases of gold-related exchange-traded funds as well. The resurgence in retail investment is attributed to a swift rally in international gold prices, driven 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 in early January.

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.