Market Updates | May 13, 2025
Gold remains firmly in focus as both a tactical and structural asset, trading above $3,300/oz after touching a record intraday high of $3,500/oz in April. Price action continues to be supported by a combination of macroeconomic drivers: escalating US-China trade tensions, stagflation risks, a weakening US dollar, and growing expectations of rate cuts.
May 7, 2025
Gold posted a strong Q1 2025, with total demand reaching 1,206 tonnes up 1% year-over-year and marking the highest Q1 level since 2016. This strength came despite surging prices, with gold touching a record high of $3,500/oz, reflecting escalating stagflation risks, geopolitical instability, and de-dollarization themes.