The price of gold, a traditional safe-haven asset, has soared to new highs in recent weeks, exceeding 400,000 won per coin for the first time. This surge coincides with expectations of looser monetary policy from central banks worldwide.

Gold prices on the Korea Exchange (KRX) closed at 94,990 won per 1 kilogram of spot gold on March 28th, a 0.78% increase from the previous day. This marks the highest price since the KRX gold market's inception in 2014.

Analysts attribute the rise to several factors. The dovish stance adopted by the U.S. Federal Reserve in March, indicating a potential slowdown in interest rate hikes, is a positive sign for gold. Historically, gold tends to perform well in periods of low-interest rates.

Geopolitical instability is also contributing to the demand for safe-haven assets like gold. Additionally, the ongoing purchase of gold by central banks, particularly in major economies like China, is a significant price driver.

While short-term corrections have occurred due to some investors' profit-taking, the overall trend suggests continued upward momentum for gold. Experts recommend exchange-traded funds (ETFs) as a convenient way to invest in gold. Gold mining stocks are also a potential option, though their performance depends on factors beyond the gold price.

The article also highlights the rise of Bitcoin as a digital alternative to gold. Both assets share characteristics like limited supply and global fungibility, making them attractive hedges against inflation and market volatility.