A golf club head with an improved Center of Gravity (CG) location is disclosed. More specifically, the present invention relates to a metalwood type golf club head with improved performance via shifting the CG towards a location that reduces spin, at the same time, without sacrificing launch angle and the forgiveness of the golf club head. This golf club head may generally have a unique construction capable of achieving a low and forward CG location that is less than 40 mm from the face center along a Z-axis, a CG height that is no more than 2 mm above the neutral axis, and a MOI-Y of greater than about 4,000 g-cm2.