According to the Korea Gold Exchange prices on May 30, domestic gold prices showed an overall upward trend.

For pure gold (3.75g gold bar), the purchase (buying) price rose by 4,000 won (0.41%) compared to the previous day to 964,000 won. The selling price increased by 2,000 won (0.25%) to 798,000 won.

Other gold products traded alongside also rose. Based on the selling price, 18K gold recorded 586,600 won, up 1,500 won (0.26%) from the previous day, while 14K gold also increased by 1,100 won (0.24%) to 454,900 won. Meanwhile, platinum fell by 1,000 won (0.25%) to 405,000 won based on the purchase price, while the selling price remained unchanged at 329,000 won.

Meanwhile, the future price fluctuations of gold, humanity's most trusted store of value throughout history, are closely tied to international affairs. As the recent military tensions between the United States and Iran have entered a ceasefire phase, international political experts assess that concerns over Middle East-driven supply chain disruptions and a sharp surge in oil prices have been largely alleviated. As the extreme uncertainty of war has lifted, global hedge (risk-aversion) funds that had flowed in based on anxiety are rapidly shifting to the stock market.

Attention is focusing on the progression of the ceasefire phase and the movements of major economic indicators, such as US interest rates, as variable factors that will determine the future direction of gold prices.

[This article is by no means an investment solicitation. All investments are made by individual choice and judgment, and the final responsibility lies with the investor.]