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Speaking ahead of the US Federal Reserve’s much-anticipated September meeting, John Reade of the @worldgoldcouncil shares his thoughts on gold price drivers, saying that while emerging markets been top of mind so far this year, he sees a shift taking place.
“I’ll reiterate — I think it’s going to be western macroeconomic factors that probably take the lead in determining gold’s direction for the balance of this year and into 2025,” he said.
❓ Will the east or west drive the gold price moving forward? Tell us in the comments!
This interview was filmed on September 11, 2024.
#Investing #Gold
0:00 – Intro
0:27 – Gold’s place in current cycle
1:27 – Central bank gold demand
5:51 – COMEX futures speculation
9:45 – Rates and gold’s next leg up
13:54 – Watch this key gold driver
17:18 – How much gold to own
19:00 – US election to drive volatility
20:13 – 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.
