World Gold Council: Gold prices hit a record high in April, but fell back by the end of the month. Chinese purchases and central banks appear to be the main factors supporting gold prices. Looking ahead, interest rates are expected to remain unchanged for longer...

World Gold Council: Gold prices hit a record high in April but fell back by the end of the month, with Chinese purchases and central banks appearing to be the main factors supporting the price. Looking ahead, interest rates are expected to remain unchanged for longer, with a greater chance of a "no landing". But stagflation risks are rising as economic growth looks fragile and inflation remains a concern.