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The Korea Gold Exchange faced significant operational challenges as its website buckled under extraordinary user demand, with thousands of traders forced into virtual waiting rooms from Thursday through Friday.
This surge in interest coincides with gold reaching historic highs, trading at 579,000 won per 3.75kg—a dramatic 56.5% increase from the previous year. The precious metal’s rally extends beyond Korea, with global prices hitting $2,882.16 per ounce amid growing concerns over U.S.-China trade tensions.
The situation reflects broader market anxiety about global economic stability, particularly as new tariffs take effect between major economies. China’s retaliatory measures on coal, LNG, and crude oil, combined with U.S. tariff threats against Canada and Mexico, have intensified the flight to safe-haven assets.
