Gold price hits its highest level this year amid geopolitical uncertainties

Gold price hits its highest level this year amid geopolitical uncertainties


Amid the uncertainties on the Korean peninsula,…
the price of gold has climbed to its highest level so far this year. According to the Korea Exchange,… the gold
spot price rose to 1,337 U.S. dollars an ounce on Monday,… a more than 16 percent jump
in value since the end of last year. The weakening dollar has also been a factor. Gold-related funds are also seeing better
returns. According to financial research firm FnGuide,…
gold-related products have performed the best among domestic funds in the past month with
return of four-point-77 percent during the past month. Funds related to raw materials and health
care followed… around the three percent range.

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