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Joe Cavatoni discusses the latest @worldgoldcouncil report on gold demand, highlighting the return of western exchange-traded fund (ETF) investors. With interest rates on the decline and geopolitical turmoil still strong, they’ve been more eager to buy.
“Overall holdings of gold in investment portfolios has been stable, but actually adding to gold allocations has required that opportunity cost, or that carrying cost, to come down for the investor in the western market, and that’s what we’re starting to see,” he said.
Cavatoni also spoke about how the upcoming US election may impact gold, as well as other segments of demand for the yellow metal, including bar and coin demand, jewelry demand and technology demand.
❓ What is the biggest driver of gold demand right now? Tell us in the comments!
This interview was filmed on October 30, 2024.
#Investing #Mining #Gold
0:00 – Intro
0:25 – Gold’s rapid 2024 price rise
2:16 – Return of western ETF investors
5:15 – Bar and coin demand
7:21 – US election impact for gold
10:25 – Central banks still at table
12:48 – Jewelry and tech demand
16:18 – Gold supply hits new record
20:10 – Outro
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