Joe Cavatoni: What’s Next for Gold After 2023’s Record Total Demand?
Joe Cavatoni of @worldgoldcouncil breaks down gold demand in 2023, highlighting continued strength in central bank purchases. Led by China, demand from these entities came to 1,037 metric tons last year, just 45 metric tons less than the 2022 record.…
Joe Cavatoni: Gold Still a Key Asset, but Headwinds Aren’t Over Yet
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…