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The gold price is under pressure, and Joe Cavatoni of the World Gold Council believes the yellow metal will continue to face headwinds until the US Federal Reserve begins lowering interest rates.
“It definitely feels like an environment where we’re hitting the end of the rate rising cycle,” he said. “And actually once that happens, we’re going to move into a world where allocations to gold and investment demand … that’s when it’s going to start to pick up.”
This interview was filmed on September 22, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:29 – Denver Gold Forum takeaways
3:37 – Central bank and retail demand
9:37 – When will the gold price break out?
11:46 – Recession would help gold
14:14 – Gold during an election year
17:59 – Risks to the gold outlook
20:00 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
