Gold: Separating the signals from the noise

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments.

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As global markets reel from the fallout of the "Liberation Day" tariff announcements, gold is once again thrust into the spotlight. Despite a recent pullback amidst the market turmoil, the yellow metal has risen by around 20% overall in the past six months and continues to chart new highs.

In this episode of the Beyond Markets podcast, Chris Irwin, Head of FX and Precious Metals Trading and Carsten Menke, Head of Next Generation Research at Julius Baer, examine the rising demand of gold as a safe haven asset, continued central bank buying flows, and the factors behind the recent volatility.