Silver Hits $42/oz — 45% YTD Gains —
High gold prices are taking a toll on Asia’s physical demand, according to Commerzbank’s commodity analyst Barbara Lambrecht. India, facing record-high gold prices in rupees, imported just 21 tons in June – the lowest level since April 2023 and contributing to a 30% year-over-year decline in first-half imports to 204 tons. Swiss gold export data reinforced this Asian weakness, with shipments to China falling 39% month-over-month to 16.7 tons, India exports dropping 71% to under 3 tons, and Hong Kong receiving 35% less at under one ton. However, the picture diverged sharply in Europe, where Swiss exports to the UK climbed significantly, reflecting stronger investor appetite for gold ETFs. European gold ETFs recorded substantial inflows of approximately 23 tons in June according to the World Gold Council, demonstrating how investment demand is offsetting physical market weakness in price-sensitive Asian markets.
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Gold Price Correction: Will a Pullback Come Before New Highs?
Gold has surged to record territory, briefly touching $3,700 before pulling back. This milestone, driven by economic fragility, Fed policy shifts, and rising investor anxiety, has many asking: is a correction looming before the next leg up? With interest rates falling for the first time in years, geopolitical flashpoints multiplying, and global central banks aggressively stockpiling gold, the case for long-term bullishness is strong. But in markets, even the strongest trends pause—and investors need to prepare. Current Gold Market Landscape Gold’s recent performance reflects more than just inflation fear — it’s a structural shift in how capital views risk. The
September 19, 2025
