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Joe Cavatoni breaks down @worldgoldcouncil’s latest gold demand trends report.
Aside from key factors like investment demand and central bank buying, he highlighted differing sentiment in the west and east.
“This is an interesting time. Right now the price has been impacted less so by the expectation of US rates and the US dollar, and more so by the geopolitical and overall outlook for investment in the Asian markets, the eastern markets. And that’s actually done a real shift in the overall sentiment amongst investors worldwide,” Cavatoni said.
This interview was filmed on April 29, 2024.
#Investing #Mining #Gold
0:00 – Intro
0:29 – Gold’s price action in 2024
1:59 – Eastern vs. western sentiment
5:31 – Gold bar and coin demand
8:59 – Central bank buying still strong
13:46 – Tech demand and mine supply
16:55 – Gold demand and US election
18:41 – 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.
