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In this week’s Live from the Vault, Andrew Maguire reflects on the Federal Reserve’s focus on large-scale bullion repatriations ahead of the US Treasury gold audit, driven by Trump’s initiative, and its impact on both the gold market and EFP spreads. Andrew also examines how these moves, combined with intensifying central bank buying and shifting market dynamics are strengthening gold demand, while paper gold positions face increasing pressure ahead of Basel III compliance in July 2025. _______________________________________________________________ Timestamps: 00:00 Start 01:50 Gold price outlook for Q2 08:05 Gold & silver charts and market analysis 17:25 How Trump's tariffs triggered the Fed’s gold repatriation efforts 25:05 Surge in US fund managers buying COMEX and ETFs 30:30 Silver poised for a strong rally towards $38 _______________________________________________________________ Ask your questions for Andy here: https://forum.kinesis.money/forums/qu... Sign up for Kinesis on desktop: https://kinesis.money/kinesis-preciou... Download the Kinesis Mobile app - available App Store and Google Play: Apple: https://kms.kinesis.money/signup Google: https://play.google.com/store/apps/de... Also, don’t forget to check out our social channels where you can stay up to date with all the latest news and developments from the team. X: / kinesismonetary Facebook: / kinesismoney Instagram: / kinesismoney Telegram: https://t.me/kinesismoney TikTok: / kinesismoney The opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice. Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.