Gold Prices Dip Below 200,000 Won for First Time in 6 Months

The price of gold, widely considered a safe-haven asset, is showing signs of instability.

Domestic gold prices have fallen below 200,000 won per gram for the first time in six months.

According to the Korea Exchange, the price of gold opened at 198,060 won per gram yesterday (June 11) and at one point slid to as low as 196,780 won.

Domestic gold prices soared to record highs early this year, exceeding 260,000 won per gram, but have since lost momentum and continued a downward trend.

This represents a decline of approximately 25% from its peak.

In the early stages of the Middle East conflict, there were predictions that the preference for gold as a safe-haven asset would strengthen.

However, concerns over inflation triggered by the war have highlighted the possibility of interest rate hikes by central banks worldwide, including the U.S. Federal Reserve.

Analysts suggest that capital is shifting toward the U.S. dollar, which is currently gaining value.
※ Please note: This article was translated by AI and may contain errors.