South Korean shift toward safe-haven assets

Overview

South Korean investors have increasingly shifted toward safe-haven assets amid economic uncertainty and market volatility. In late August, major banks reported record dollar deposits totaling $74.92 billion, alongside a significant surge in gold bar sales and gold banking balances.

As market conditions evolved, South Korean government bond yields declined, influenced by falling international oil prices and foreign investment in treasury futures. Concurrently, gold prices reached a three-month high. This trend is driven by a global divergence where rising US Treasury yields, fueled by concerns over US fiscal deficits, have prompted investors to seek gold as a reliable store of value.

Entities

Bank of Korea · Hana Bank · KB Kookmin Bank · Shinhan Bank · Federal Reserve

Timeline

1 day ago

[BUSINESS] 2 sources
South Korean bond yields fall as gold prices rise amid fiscal concerns
South Korean bond yields fell amid falling oil prices, while global gold prices hit three-month highs as rising US Treasury yields reflect growing concerns over fiscal deficits.
4 days ago

[BUSINESS] 2 sources
South Korean banks see record dollar deposits and gold investment
South Korean investors are shifting funds toward dollar deposits, gold, and fixed deposits as market volatility drives a preference for safe-haven assets over stocks and ETFs.

Sources

biz.heraldcorp.com · datafocus.co.kr · tokenpost.kr