# Gold, dollar favored amid growing uncertainties - The Korea Times

> Korean dollar-denominated deposits rose to $59.9 billion in June, and gold sales peaked over recent months as investors sought safe assets. The increase reflects concerns over the US-China trade dispute and Japan's export restrictions.

- Date: 2019-07-17 · published 2019-07-17T12:00:00.000Z
- Category: geopolitics · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/58307-gold-dollar-favored-amid-growing-uncertainties-the-korea-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven flows into dollars and gold signal risk aversion in Korea, which can dampen import appetite and reflect broader trade-war uncertainty that weighs on agricultural trade sentiment.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-28 | [Commodities mixed amid Fed uncertainty, global tensions](https://feedsoft.ai/events/27760-commodities-mixed-amid-fed-uncertainty-global-tensions.md) | +0.2% | +1.9% |
| DXY | 2024-01-12 | [Middle Eastern tensions are making the US dollar "hotter" than gold.](https://feedsoft.ai/events/32426-middle-eastern-tensions-are-making-the-us-dollar-hotter-than-gold.md) | +0.6% | +1.0% |
| DXY | 2019-05-29 | [Korea should brace for US-China currency war  - The Korea Times](https://feedsoft.ai/events/59316-korea-should-brace-for-us-china-currency-war-the-korea-times.md) | -0.2% | -1.4% |
| DXY | 2022-02-24 | [Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion \| Fortune](https://feedsoft.ai/events/6982-investors-flock-to-the-dollar-as-g-10-currencies-plummet-following-ukraine.md) | +1.0% | +1.2% |
| DXY | 2026-03-01 | [Oil jumps, dollar rallies with gold as conflict grips Middle East \| Reuters](https://feedsoft.ai/events/10713-oil-jumps-dollar-rallies-with-gold-as-conflict-grips-middle-east-reuters.md) | +1.4% | +2.6% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20190717/gold-dollar-favored-amid-growing-uncertainties

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.