Going for gold: Prices rise as tariff threats drive demand for safe assets
Published: 04 Feb. 2025, 17:36
Updated: 04 Feb. 2025, 17:46
![An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/02/04/b02d4266-b078-4274-81a5-58d581c05c30.jpg)
An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]
An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4.
The spot price of one gram of gold reached 138,000 won ($94) the same day, according to the exchange said the same day. Gold prices have spiked to an all-time high as threats of tariffs by U.S. President Donald Trump have driven up a preference for safe assets.
![An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/02/04/fb24a6a2-6bbd-4a9e-a71c-6006331b91cd.jpg)
An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]
![An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/02/04/08ba554d-28f4-4006-8401-9646a5a9cd1e.jpg)
An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]
with the Korea JoongAng Daily
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