Gold Prices Reach Unprecedented Heights

On February 4, the Trump administration announced an additional 10% tariff on Chinese goods, leading to immediate retaliatory actions from Beijing. This escalation in trade tensions has driven investors towards safe-haven assets, causing global gold prices to hit an all-time high.

South Korean Market Responds

In South Korea, the demand for gold has surged, with trading volumes reaching record highs. The Korea Exchange reported a significant increase in gold spot prices, with daily trading volumes hitting an unprecedented 108.84 billion won. The price of gold has seen a dramatic rise, with a 'don' of gold nearing 600,000 won.

Global Factors Influencing Gold Prices

The primary factors behind the surge in gold prices include the Trump administration's tariff policies, continuous gold purchases by central banks, and concerns over global economic slowdown. Market experts predict that gold prices could reach up to $3,000 per ounce this year, driven by these factors.

Investment Trends and Predictions

Investment products like the ACE KRX Gold Spot ETF have seen significant inflows, benefiting from both the appreciation of gold prices and the strength of the U.S. dollar. Analysts from global investment banks such as JPMorgan and Goldman Sachs have set optimistic targets for gold prices, expecting the bullish trend to continue.