Gold Hits Another Record High [3-Minute Brief]

[At a Glance]
1. Gold price surges 37% this year... surpasses $3,600 in just one week
2. Samsung Biologics secures 1.8 trillion won order from US pharmaceutical company
3. System chaos on first day of 'September 7 loan regulation'... non-face-to-face mortgage loans suspended

MARKET INDEX : Year to date

○All three major New York stock indexes hit all-time highs

○Annual employment, even after being halved, absorbed smoothly

○Apple fell 1.5% despite the unveiling of iPhone 17

Top3 NEWS

■ Gold price hits record high at $3,600 amid expectations of US rate cuts and concerns over Fed independence

○Gold price rose 9% in three weeks
○Cumulative increase of 37% since the beginning of the year
○Investors closely watching the outcome of Fed Governor Cook's dismissal

■ Samsung Biologics secures another mega contract despite US tariff pressure... 1.8 trillion won CMO order

○Second largest contract since the company's founding
○Another mega order following 2 trillion won contracts this year
○Cumulative order total since founding surpasses 27 trillion won

■ Jeonse loans reduced ahead of autumn moving season... Aftermath of the September 7 policy

○'Immediate implementation' once again... growing confusion on the ground
○Concerns over a balloon effect in unsecured loans due to reduced jeonse loan limits
○"Unsecured loans carry greater risk than secured loans, which is a significant burden for banks"

Graphic News: "My mother is missing"... Surge in such patients prompts insurance companies to act

○Non-life insurers obtain 'exclusive usage rights' for insurance products targeting dementia patients and their families

○Life insurers also combine 'dementia coverage' with existing products to secure market share

○First-year premiums for dementia and nursing care insurance reached 82.1 billion won in the first half of this year, nearly 83% of last year's total

the Chart: Bank capital adequacy improves as exchange rate falls... 2Q CET1 ratio up 0.38 percentage points

○Bank CET1 ratios improved due to the decline in the won-dollar exchange rate

○All domestic banks meet international capital adequacy standards

○Financial Supervisory Service: "Uncertainty remains in domestic and global economic fluctuations... monitoring will continue"

Today's Key Schedule

○Domestic

KOSDAQ S2W subscription, expected offering price 11,400~13,200 won

○Overseas

01:00 US Energy Information Administration (EIA) Short-Term Energy Outlook (STEO)

05:30 US American Petroleum Institute Weekly Crude Oil Inventory

10:30 China Producer Price Index (YoY) (August)

21:30 US Producer Price Index (MoM) (August)

◇Lunch & Evening Commute Weather

○Lowest temperature 20℃(▼2℃) ｜Highest temperature: 32℃(▲2℃)
○Chance of precipitation: 0% in the morning ｜ 0% in the afternoon
○Fine dust: Good in the morning ｜ Good in the afternoon

OK in 3 minutes, essential time-saving and cost-effective economic news. Published daily at 8 a.m.

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