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

Page: https://stenobird.com/podcast/unearthed-6688808/unearthed-may-gold-market-trends-etfs-retail-divergence-central-bank-demand
Text version: https://stenobird.com/podcast/unearthed-6688808/unearthed-may-gold-market-trends-etfs-retail-divergence-central-bank-demand.md
Podcast: [Unearthed](https://stenobird.com/podcast/unearthed-6688808)
Published: 2025-06-13T04:00:00+00:00
Episode link: https://WGCnx.podbean.com/e/unearthed-may-gold-market-trends-%e2%80%93-etfs-retail-divergence-central-bank-demand/
Audio file: https://mcdn.podbean.com/mf/web/q4uw9smng8ihfuym/WGC_JJ_June_Fullmix7rvgl.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/unearthed-6688808/episodes/unearthed-may-gold-market-trends-etfs-retail-divergence-central-bank-demand
Duration seconds: 381

## Resource

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. About World Gold Council 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. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn. Terms & Conditions | World Gold Council

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/unearthed-6688808/episodes/unearthed-may-gold-market-trends-etfs-retail-divergence-central-bank-demand/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/unearthed-6688808/unearthed-may-gold-market-trends-etfs-retail-divergence-central-bank-demand.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.