As of June 6 Korean time, the international gold price on the New York Mercantile Exchange (COMEX) recorded $4,365.30 per ounce. This is a 3.10% decrease compared to the previous day.

The domestic gold price trend (based on 3.75g) by exchange is as follows. • Korea Gold Exchange: Purchase price 951,000 won, Selling price 781,000 won • GoldPrice.com: Purchase price 945,000 won, Selling price 795,000 won

Meanwhile, global geopolitical uncertainty continues to act as a major variable in the market. Recently, the US Central Command (CENTCOM) announced via social networking services (SNS) that it has turned back 132 ships to date during maritime blockade operations targeting Iran in the Strait of Hormuz. Whether tensions will continue surrounding the Strait of Hormuz, a key route for global crude oil transportation, will be a key factor going forward.

In addition, despite recent discouragement from US President Donald Trump, it has been reported that the Israeli military conducted an airstrike on the Lebanese capital of Beirut on the 7th (local time), meaning anxiety over the Middle East situation still remains.

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