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The central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.

Given the events that have occurred since then, which now include escalating Middle East tensions, the news isn't entirely surprising. And especially now that Russia has responded with sanctions of its own on JP Morgan assets, the environment doesn't seem to be showing many signs of improvement.

The Fed is also meeting today, as it continues its juggling act of balancing still-elevated inflation against more pressure on the banking sector. And in today's show, we dig into the latest developments and what to expect from the Fed.

Video Length: 00:12:41

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