Easing Global Risks Softened Safe-Haven Demand
The gold price showed a small decline in April as global risks eased somewhat. First quarter gross domestic product ((GDP)) growth exceeded expectations in the U.S. and China. China also reported gains in retail sales and industrial production for March. Meanwhile, European Union ((EU)) leaders kicked the can down the road by giving Britain another six months to figure out a Brexit plan. The S&P 500 Index1 celebrated with a new all-time high on April 29. According to Gluskin Sheff2, companies bought back a record $800