A personal blog about money, markets and crypto
The gold price in Korea has fallen about 17.7% in won terms over 3 months, more than the dollar drop. Yahoo Finance data on November 13 shows gold at $3,912.9 an ounce, down 12.41% in 3 months, while the won strengthened to 1,331.28 per dollar. Korean holders took both hits at once. Your gold hasn’t disappeared, but the two forces pushing it down, 5.1% US Treasury yields and a firm dollar, are both still in place.
KOSPI closed at 5,316.77 on November 11, 2026, down 16.72% in one month (Yahoo Finance). That leaves the KOSPI 5000 line about 317 points below, even after today’s 1.48% bounce. Bank deposits aren’t at risk from this. Index fund holders are taking a real loss, and the next US inflation print plus a close at or above 5,000 will decide whether the bounce lasts.
Fed rate hike odds hit 96% this week, per Cointelegraph, after Governor Waller’s speech. For Korean investors the damage is already visible: KOSPI is down 17.94% in a month even after a 4.39% jump on November 10 to 5,239.13 (Yahoo Finance). Your bank deposits are safe. What changes is the price of risk, the rate you convert won at and, over time, what you pay on a variable loan.