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As turmoil in the banking sector continues both in the US and elsewhere, Joe Cavatoni, chief market strategist, Americas, at the World Gold Council, shared his thoughts on key drivers for the yellow metal
“Front of mind and top of mind for everyone is the tactical application of gold as a result of the financial cracks that are appearing with the banks,” he told the Investing News Network.
Cavatoni also spoke about gold supply and demand, including central bank buying.
This interview was filmed on March 23, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:28 – Most important gold drivers right now
2:44 – How gold performs in a recession
5:23 – Will central banks keep buying in 2023?
10:19 – Gold’s role in portfolio diversification
14:57 – Progress on the Gold247 initiative
17:47 – Gold supply and final thoughts
21:16 – Outro
Investing News Network (INN)
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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.