Gold-related funds gather pace on weaker dollar
Feb. 3, 2017
Gold-related funds here have regained momentum in recent weeks, returning over 6 percent, as the US dollar has weakened after a months-long rally, data showed Friday.Those funds posted an average of 6.41 percent gains in January, reversing a three-month loss of 4.96 percent, according to the Korea Exchange and financial information provider FnGuide. Gold bars in storage. (Yonhap)Gold prices soared 4.5 percent on-month to $1,200.50 an ounce at the end of January, they said. The prices jumped to $