The price of gold was slightly weakened. That happened at the end of the Friday Sales. This position stops the rising trend which was happened three times in a row. It also happened for the most active gold price contract for the April delivery.

That was in the division of COMEX New York Exchange. It was decreased by USD 2.80 or 0.16%. So, it became USD 1.719,80 per ounce. A day before that, the gold future was thinly increased by $ 0.8 or 0.05 percent to become $ 1.722.6.

The price of that commodity was up by $4.9 or 0.29%. That reached $1.721,80 per ounce on Wednesday. That level was reached after gold climbed to the level of $38.9 or 2.32 percent. Until now, this commodity is not too stable yet.

The Risk of Sentiment and Psychological Level

An analyst thought that he saw a weakness in the US Dollar index which was slipped down from 92 to 91.6 right now. There are a few sentiment risks here and he predicted that the USD 1.700 psychological level is also taking its rule so far.

It seems that people or market participants are not ready yet with this condition where a rebound may happen on Gold. The US Government bond yield for 10-year increased by 1.642 percent or it became the peak level in a year.

Meanwhile, the index of the dollar cut the profit and made the price of gold is now cheaper than the other currencies holder. Some investors see that commodity as value protection to the higher inflation which can follow the stimulus steps.

However, the higher government bond yield grouped some appeals of non-yielding commodities. Elsewhere, the stocks in several countries are also increasing. One of them is in South Korea. It is really having a good trend right now.

The Korean Stock Increased by Two Days in a Row

The two days in a row increase is really impressive. That happened until Friday because the foreign investors bought the local stocks. That follows the sign of a new stimulus package by Joe Biden as the president of the United States.

The stimulus package is now becoming law. KOSPI or the Korea Composite Stock Price Index increased by 40.69 points or 1.35 percent. It was steady at the 3.054,49 point. The volume of sales reached 1.65 billion stocks with a high value.

The value is 12.9 trillion Won or about 11.4 billion dollars. KOSPI started the sales with 0.57 percent higher and continued its initial increase along with the session. That was because the US stock was ended on an optimistic note based on a condition.

It is especially after Biden was legally signed the COVID-19 fund. The amount of that stimulus is 1.9 Trillion dollars. Furthermore, the Dow Jones Industrial Average also increased by 0.58%. The S&P 500 was up by about 1.04 percent in the market.

The Investors Bought the Domestic Stock

Following the Wall Street rally, the foreign investors bought the domestic stock with a value of 405.7 billion Won. Based on the news, the institutional investors are the clean buyers. However, the retail investors released their 599.1 billion Won stocks.

The stocks with huge capital were stronger. Samsung Electronics as the determinant of market direction increased by 1.0 percent. Meanwhile, the memory chip giant, SK Hynix, also increased by 2.2 percent so far. It was followed by others.

One of them is from the biggest car producer, Hyundai Motor. They were up for about 1.8% and the LG Chem also has the same trend. LG Chem as the well-known chemical corporate increased by 0.5%. That positive trend will continue to happen.