"You haven't sold the wedding ring yet, right?"... International gold prices hit an all-time high

You haven't sold the gold ring yet, have you??

 

hahaha

Why is this question so suddenly funny? LOL

Is it wrong to have sold it? Sigh.. ㅠㅠ

Wow... Should I have invested in gold technology after all?

It's always so expensive every time I buy it...

It was a bit burdensome to buy, but I hear international gold prices are at an all-time high.

The effects of the Middle Eastern conflict played a major role in raising gold prices...;;

The price of gold keeps rising day by day...

 

The international spot gold price has surpassed $2,700 per ounce (approximately 3,703,000 won) for the first time in history.

According to Bloomberg, international gold prices in the Asian financial market today (18th) temporarily hit a record high of $2,707.84 per ounce.

As of 11:13 a.m. that day, it is recorded at $2,707.11, up $14.40 (0.53%) from the previous day.

AFP reported that the international gold price broke the highest level set the previous day in just one day.

The strength of gold prices is attributed to increased demand for the safe-haven asset gold due to escalating tensions in the Middle East.

The Israeli military announced that they eliminated Yahya Sinwar, the top political leader of Hamas, a Palestinian armed faction, the day before.

Shin Wara is the person who led Hamas's surprise attack on Israel, known as the 'Al-Aqsa Flood' operation, on October 7th last year, which triggered the Gaza Strip war. His death is analyzed to be a significant turning point in Middle Eastern affairs.

Israeli Prime Minister Benjamin Netanyahu announced in a video message, "Finally, the residents of Gaza have the opportunity to escape Hamas's tyranny," and stated, "The war is not over yet."

U.S. consumer spending showed stronger-than-expected performance, boosting expectations that the Federal Reserve's rate cuts will be smaller than initially anticipated, but gold prices failed to reverse their upward trend.

Since gold is a product that does not accrue interest, its price is typically pressured in high-interest-rate environments.

Gold prices have increased by approximately 31% this year, making it the second most notable performer among major raw materials after silver (34%).

The Federal Reserve's start of interest rate cuts and the large-scale gold purchases by central banks around the world have driven up prices.

 

<Source SBS Biz>