[Breaking] As of 9:47 a.m. on July 27 (Korean time), the international gold price on the New York Mercantile Exchange (GC) recorded $4,107.40 per ounce. This represents a 0.90% increase from the previous day, stabilizing above the $4,100 mark.

Domestic prices also warrant attention. According to the Korea Gold Exchange, the trading price of pure gold (3.75g) stands at approximately 846,000 won for buying and 710,000 won for selling.

■ What Are the Variables for Future Gold Prices?

The key factors that will determine the direction of the gold market going forward are additional volatility in the New York stock market, U.S. Treasury yields, and the trajectory of the dollar. In particular, it should be noted that even if demand for safe-haven assets flows in, a simultaneous rise in both interest rates and the dollar could limit the upside potential of gold prices.

■ Nasdaq Weakness: Temporary Correction vs. Psychological Contraction

It is premature to definitively determine the direction of gold prices based solely on the mixed performance of the New York stock market. The critical question is whether the weakness in the Nasdaq index will remain a temporary correction in tech stocks or spread to a broader contraction in investment sentiment toward risk assets.

[※ This article is not a recommendation to invest, and the responsibility for investment decisions lies solely with the investor.]