Inflation fell to 2.3% in April. The Fed is keeping rates steady at 4.25%-4.5% as new tariffs fuel inflation risks, prompting a cautious wait-and-see approach.
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Gold Demand Hits Highest Q1 Since 2016 as Asia Leads ETF Investment Surge
Gold investment demand jumped 170% in Q1 2025 — the highest since early 2022 — driven by record ETF inflows, rising economic uncertainty, and strong buying in Asia.
China plans global push for Shanghai Gold Exchange to boost yuan-based gold trade
China is weighing plans to establish overseas warehouses for the Shanghai Gold Exchange, in a move to boost international settlement of yuan-denominated gold contracts and expand the global use of its gold benchmark.
IMF downgrades U.S. outlook amid tariff uncertainty
IMF issued its steepest downgrade for the U.S. among advanced economies, citing rising tariff-related uncertainty and a heightened risk of recession. Global economic sentiment has dimmed, with the IMF now projecting a 37% chance of a U.S. downturn—up sharply from 25% just months ago.