On July 17, Korean time, international gold prices showed an upward trend. Based on the GC New York Mercantile Exchange, international gold prices recorded $4,018.80 per ounce, up 0.67% from the previous day.

Domestic gold prices also showed strength on the same day. As of July 17, based on the Korea Gold Exchange's pure gold prices, the buying price per 3.75g was 843,000 won and the selling price was 708,000 won, each rising by more than 1%. According to Gold Price.com, the buying price for pure gold per 3.75g was 837,000 won and the selling price was 723,000 won, both showing an upward trend.

The key variable for the market this week is the impact the Middle East situation will have on safe-haven asset preferences. As military tensions between the United States and Iran persist, the Jordanian government implemented evacuation measures at the international airport and port in the Aqaba region bordering the Red Sea. The U.S. Embassy explained that these measures were based on specific and credible threat information.

Previously, U.S. Central Command stated that Iran mobilized ballistic missiles and drones to attack U.S. military bases in Jordan, resulting in U.S. military casualties. With geopolitical uncertainty in the Middle East intensifying once again, some analysts suggest that this could have a significant impact on the price movement of gold and other representative safe-haven assets this week.

[※ This article is for reference in making investment decisions, and the final responsibility for investments lies with the investor.]