In this week’s Live from the Vault, Andrew Maguire reflects on the Federal Reserve’s focus on large-scale bullion repatriations ahead of the US Treasury gold audit, driven by Trump’s initiative, and its impact on both the gold market and EFP spreads.
Andrew also examines how these moves, combined with intensifying central bank buying and shifting market dynamics are strengthening gold demand, while paper gold positions face increasing pressure ahead of Basel III compliance in July 2025.
Timestamps:
- 00:00 Start
- 01:50 Gold price outlook for Q2
- 08:05 Gold & silver charts and market analysis
- 17:25 How Trump´s tariffs triggered the Fed’s gold repatriation efforts
- 25:05 Surge in US fund managers buying COMEX and ETFs
- 30:30 Silver poised for a strong rally towards $38
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