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Unearthed: May Gold Market Trends – ETFs, Retail Divergence & Central Bank Demand

Unearthed: May Gold Market Trends – ETFs, Retail Divergence & Central Bank Demand

Update: 2025-06-13
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In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack the latest gold market trends from May, including ETF outflows and a split between institutional interest and softer retail demand in the US.


They also touch on ongoing central bank buying, preview the upcoming Central Bank Gold Reserves Survey, and explore how fiscal concerns and global uncertainty continue to drive gold’s appeal. 


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We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market.


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Unearthed: May Gold Market Trends – ETFs, Retail Divergence & Central Bank Demand

Unearthed: May Gold Market Trends – ETFs, Retail Divergence & Central Bank Demand

World Gold Council