Gold Prices Hit Record Highs Consecutively, Is It Time to Invest Now? [3-Minute Brief]

[At a Glance]
① International gold prices poised to break through the ceiling... up 37% in one year
② Government to support re-employment and training for middle-aged and older adults... 150,000 people over 3 years
③ Eight global IBs lower Korea's GDP forecast for this year from 1.7% to 1.6%

MARKET INDEX : Year to date

○ Qualcomm down 3.7%, Ford down 7.5%
○ Amazon beats earnings expectations... down 2.1% in after-hours trading
○ Bescent "Strong dollar to persist... will lower 10-year bond yields"

Top3 NEWS

■"Gold prices have risen as much as they can, but still expected to rise"... 53.1 billion KRW flowed in one month

○ 50 billion KRW of market funds moved into domestic Gold Banking accounts
○ International gold prices are breaking through the ceiling... up 37% in one year
○ "There is still room to rise... may surpass historical highs"

■Helping second baby boomers re-employment... "150,000 jobs and training support over 3 years"

○ Supporting middle-aged and older adults who want to work to find re-employment
○ Supporting qualification-based technical jobs requiring training
○ Actively developing jobs for career transitions

■Global IBs lower South Korea's growth forecast for this year to an average of 1.6%

○ Eight global IBs cut South Korea's 2024 GDP forecast from 1.7% to 1.6%
○ JP Morgan lowered it further to 1.2%... concerns over US tariff risks and domestic demand weakness
○ Consumer price inflation forecast raised from 1.8% to 1.9%

Graphic News : Card company delinquency rates near risk level of 2% amid high interest rates... Hyundai and BC card polarization deepens

○ Three consecutive quarters of 1.4% delinquency rate in Q1-Q3 last year... double compared to three years ago
○ Hyundai Card maintains delinquency rate in the 0% range while BC Card surged 8 times
○ Reducing credit loan bonds and strengthening workforce... fighting to maintain soundness

the Chart : Last year's current account surplus surpasses 99 billion USD 'second highest ever'... export outlook clouded this year

○ Last year's current account surplus of 99.04 billion USD exceeded expectations
○ Highest level in 9 years since 2015 (105.12 billion USD)
○ Concerns over slowing export growth... surplus expected around 80 billion USD

Today's Key Schedule

○ Domestic

○ Overseas

00:00 Canada Ivey Purchasing Managers Index (January)

01:15 Speech by Germany Buba President Nagel

04:30 Speech by US Fed Governor Waller

05:30 Speech by US Federal Open Market Committee member Daly

08:30 Japan Household Spending (MoM) (December)

16:00 Germany Industrial Production (MoM) (December)

22:30 US Nonfarm Payrolls (January)

22:30 US Unemployment Rate (January)

◇Lunch & Commute Weather

○ Lowest temperature -12℃(0℃) ｜ Highest temperature : -6℃(▼1℃)
○ Precipitation probability morning 60%｜afternoon 20%
○ Fine dust morning moderate｜afternoon good

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.