In this week’s Live from the Vault, Andrew Maguire takes calls from the community, answering pressing questions about gold’s rally driven by strong Asian and BRICS demand amid limited Western speculative activity, and other key topics.
Andrew also discusses the impact of Basel III regulations starting 1st of July, which are accelerating physical gold repatriation, alongside China’s expanding global gold settlement system — signalling a major shift in gold ownership and pricing.
Timestamps:
- 00:00 Start
- 03:03 Why gold continues to rally without speculative interest from the West
- 07:04 Physical gold sets the price as COMEX loses its grip on market control
- 15:40 Lawrence asks about the Basel III effects on the COMEX, LBMA and gold
- 25:28 Mitchell asks about China’s gold vault in Saudi Arabia and its impact globally
- 33:57 Lawrence asks how far big players can drive silver lower on the COMEX
This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.
Recommended Content
Editors’ Picks
EUR/USD holds steady near 1.1550 after US data
EUR/USD remains range-bound at around 1.1550 in the American session on Tuesday. The cautious market stance supports the US Dollar despite the disappointing Retail Sales data, making it difficult for the pair to gain traction.
GBP/USD retreats below 1.3550 on modest USD strength
GBP/USD remains on the back foot and trades slightly below 1.3550 in the second half of the day on Tuesday. The risk-averse market atmosphere amid Middle East tensions helps the USD stay resilient against its peers, causing the pair to stretch lower.
Gold fluctuates below $3,400 as traders turn reluctant ahead of Fed
Gold continues to fluctuate in a relatively tight range below $3,400 in the American session on Friday. Traders remain reluctant to take large positions ahead of the Federal Reserve's policy decisions, while keeping a close eye on headlines surrounding the Iran-Israel conflict.
Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war
Bitcoin price declines slightly to around $106,000 on Tuesday following a mild recovery the previous day. Donald Trump leaves the G7 summit early to return to Washington and meet with his national security team.
Chinese data suggests economy on track to hit 2025 growth target
China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.