US FOMC Rate Hike... Korea-US Interest Rate Difference 2%p ‘Highest Ever’
(서울=NSP통신) jeonghyun go Journal = The gold price in KRX Gold Market was 55,410 won per 1g (207,787 won/3.75g), which is the highest price ever and its trading volume also hit the maximum as 149kg. It becomes the newest record after March of 2014.
It is because of Japan having removed South Korea out of its white list, trading conflict between America and China and decreased interest rate of Fed from the states, which all led domestic gold market to increased price and trading volume.
Meanwhile, people are more likely to pay much attention on gold due to its security during economic depression, which makes net buying volume of individuals increase.
NSP News Agency jeonghyun go Journalist gojh89@nspna.com
Copyright ⓒ Korea's economic news agency NSP NEWS·NSP TV. All rights reserved-Redistribution Prohibited.