[Special Stock] ITCEN Highlights Korean Gold Exchange Stake Amid Gold Price Reaching 6-Month Highs

[Asia Economy Reporter Jang Hyowon] ITCEN is showing strong performance. This is interpreted as highlighting its stake in Korea Gold Exchange following news that gold prices have reached their highest level in over six months.

As of 9:33 AM on the 4th, ITCEN is trading at 3,955 KRW, up 6.46% compared to the previous day.

On the 3rd (local time), February delivery gold on the New York Mercantile Exchange closed at $1,846.10 per ounce, up 1.1% ($19.90) from the previous trading day. This is the highest closing price since June 16 of last year, marking over six months of gains.

Overseas experts expect gold prices to rise further this year and break all-time highs. According to foreign media, Eric Strand, manager of the AuAg ESG Gold ETF, forecasted that gold prices will surpass $2,100 per ounce this year, setting a new record high.

Additionally, Juerk Kiener, Chief Investment Officer at Swiss Asia Capital, commented on the potential increase in gold prices, saying, "It will not be limited to just 10% or 20%. I believe it will reach a new all-time high."

Meanwhile, ITCEN is the holding company of the ITCEN Group, established in 2005. Its consolidated subsidiaries include listed companies such as Comtec System and Ssangyong Information & Communications, as well as unlisted subsidiaries like Korea Gold Exchange.

This content was produced with the assistance of AI translation services.