Summary
- Gold prices have hit an all-time high, drawing attention to the increased demand for safe assets.
- Bank of America has predicted that gold prices will rise further due to the uncertainty of the trade war.
- Gold prices have hit record highs 17 times this year, continuing their strong trend.
Gold prices have once again reached an all-time high. This is due to the surge in demand for safe assets amid uncertainties surrounding the Trump administration's tariff policies.
On the 27th (local time) at the New York Mercantile Exchange (COMEX), gold futures are trading at $3,069 per ounce, up 0.27% from the previous day. This marks an all-time high. So far this year, gold prices have hit record highs 17 times.
Recently, the American investment bank Bank of America (BoA) raised its forecast to $3,500, predicting that gold prices will rise further due to increased uncertainty from the trade war.
Reporter Goh Jeong-sam, Hankyung.com jsk@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
