As of September 7, 2026, the purchase price of pure gold at the Korea Gold Exchange fell slightly. Platinum and silver prices also weakened.

■ September 7 Gold, Platinum, and Silver Trading Prices

Pure gold (3.75g) was priced at 846,000 won when buying, down 5,000 won from the previous day (change rate -0.59%). The selling price remained unchanged at 715,000 won.

18K held steady at 525,600 won and 14K at 407,600 won for selling, both unchanged from the previous day.

Platinum fell 3,000 won to 344,000 won when buying (change rate -0.87%), and dropped 3,000 won to 275,000 won when selling (change rate -1.09%).

Silver also weakened. The buying price fell 40 won to 12,260 won (change rate -0.33%), and the selling price declined 40 won to 9,970 won (change rate -0.4%).

■ Background of the Gold Price Correction... Sentiment Reverses After Jobs Data Release

Gold prices have pulled back from their recent upward trend, showing signs of correction. While U.S. inflation indicators showed stability, weakening concerns about additional rate hikes by the Federal Reserve for a while, sentiment shifted after the release of stronger-than-expected employment data.

Generally, when market interest rates fall, the opportunity cost of holding gold decreases, often creating an environment favorable to gold prices.

■ U.S.-Iran Tensions vs. Oil Price Surge: Conflicting Signals

Geopolitical tensions are rapidly escalating as the United States carries out additional military operations against Iran, and Iran responds with missile and drone attacks targeting U.S. military facilities in the Middle East. Typically, heightened geopolitical risks act as a factor pushing up the price of gold, a safe-haven asset.

However, the situation has become more complicated as international oil prices have surged simultaneously. Rising crude oil prices are stoking concerns that inflation could be reignited. This is because if inflationary pressure grows, the likelihood increases that the Federal Reserve will keep its benchmark rate at high levels or pursue additional hikes.

■ Treasury Yields and Dollar Strength Weigh on Gold

Reflecting these concerns, U.S. Treasury yields are also on an upward trend. When market interest rates rise, the relative appeal of gold, which pays no interest, can diminish, putting pressure on gold prices.

A stronger dollar is also a factor limiting gold price gains. Since international gold prices are traded in dollars, a rising dollar value effectively raises the cost of purchasing gold for investors using other currencies.

The gold market is currently seeing opposing forces collide. The conflict between the United States and Iran is stimulating safe-haven demand, but inflation concerns from rising international oil prices, climbing Treasury yields, and dollar strength are pressuring gold prices.

■ Won-Dollar Exchange Rate Determines Magnitude of Domestic Gold Price Decline

Domestic gold prices are also influenced by both international gold prices and the won-dollar exchange rate. Even if international gold prices undergo a correction, a weaker won could limit the magnitude of the decline in domestic gold prices.

■ Future Variables: U.S. Inflation, Fed Monetary Policy, Middle East Tensions

Markets cite U.S. inflation trends, the Federal Reserve's monetary policy direction, and the level of military tension in the Middle East as the key variables that will determine gold prices going forward. If inflationary pressure strengthens again, concerns about additional tightening could grow, potentially leading to further corrections in gold prices. Conversely, if inflation stabilizes and the Fed leans toward freezing rates, there remains room for gold prices to regain their upward trend.

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