Gold products are displayed at the Korea Gold Exchange in Jongno District, Seoul, Jan. 22. Newsis
Gold, a traditional safe haven asset, has recently confounded investors with price movements that defy conventional market expectations, according to market watchers Thursday.
Prices fell during a period of escalating military tensions between the United States and Iran, only to rebound after the two sides reached a ceasefire agreement, challenging the long-held assumption that gold rises during wars and declines once conflicts subside.
Unusual movements in gold prices have fueled debate among investors over whether the recent correction signals further losses ahead or a buying opportunity.
According to the Korea Exchange, the domestic spot gold price rose for four consecutive trading sessions, climbing from 208,820 won ($137) per gram on Monday to 209,640 won on Tuesday, 209,700 won on Wednesday and 210,530 won on Thursday.
