00:02three numbers before the open gold at a record high copper right behind it and 65.1 billion
00:11won pouring into gold etfs that's a 17-year high for gold etf inflows in korea even high interest
00:19rates couldn't keep money out of metals this month samsung electronics short sellers meanwhile
00:24are heading for the exits here's what's driving today's metal rally it's friday september 11th
00:31here's what investors are watching in korea today gold and copper have historically struggled when
00:37interest rates stay high since higher rates raise the cost of holding non-yielding assets
00:42this year inflation worries and geopolitical tension have overridden that usual pattern
00:49korean retail money has followed the trend straight into gold linked etfs here's what
00:55the numbers show 65.1 billion won about 48.6 million dollars flowed into korea's gold etfs this month
01:05the highest monthly inflow in 17 years gold and copper prices both climbed to record highs
01:12even as interest rates stayed elevated separately short positions on samsung electronics fell by
01:18670 billion won about 500.4 million dollars as ai driven buying pushed short sellers to cover
01:27so what does this mean for investors tracking korean markets earlier we said gold etf inflows hit a 17-year
01:36high here's what that actually means for you retail investors are treating metals as a hedge not a rate
01:43bet and that shift could keep flows elevated even if rates stay high the samsung short covering move
01:49adds fuel to the rally in domestic risk assets at the same time watch gold etf inflow data for whether
01:57the pace holds into next month watch copper prices for signs the rally broadens beyond gold watch samsung
02:04electronics short interest for further declines that's today's ai prism securities daily this episode
02:12was produced with ai assistance based on sole economic daily reporting and reviewed by a human editor
02:18ai prism is a juan ifra award-winning series we'll be back tomorrow
02:24roo
02:24you
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