100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

India’s gold reserves have doubled as a percentage of foreign exchange holdings over the past four years, reaching 11.70% by March 2025, up from 5.87% in March 2021, according to a recent Reserve Bank of India report. The RBI now holds 879.59 metric tonnes of gold (an increase from 854.73 tonnes in September 2024), with about 58% stored domestically and the remainder held internationally. This shift follows the global trend of central banks increasing gold holdings to hedge against inflation and currency volatility.

The Shanghai Gold Exchange is expanding to Hong Kong with a new vault operated by a Bank of China subsidiary. The People’s Bank of China supports this move to promote yuan-denominated benchmarks and increase China’s influence over commodity pricing. This expansion coincides with record gold prices driven by safe-haven demand amid trade tensions. China, the world’s largest gold consumer, has seen unprecedented trading volumes with heavy retail participation. Established in 2002, the Shanghai Gold Exchange is China’s primary physical gold trading platform. The Hong Kong vault will serve international clients for bullion trading and storage, strengthening Hong Kong’s position in

Gold hit a two-week high on Tuesday, reaching $3,374.78 per ounce as investors flocked to safe havens following President Trump’s new tariff announcements. The rise comes amid ongoing trade tensions and dollar reserve currency concerns. Having reached a record $3,500.05 last month, analysts predict gold will test these heights again this year. Markets now await Wednesday’s Federal Reserve meeting, where Chair Powell’s comments will be closely watched for signals on potential rate cuts, though no immediate change is expected.