Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Investing Joe Cavatoni: Gold Demand Hits Q3 Record, Western ETF Buyers Back in Action
Investing

Joe Cavatoni: Gold Demand Hits Q3 Record, Western ETF Buyers Back in Action

by admin November 5, 2024
November 5, 2024

Referring to the World Gold Council’s latest report, he highlighted the return of western exchange-traded fund investors. With interest rates on the decline and geopolitical turmoil still strong, they’ve been more eager to buy.

‘Overall holdings of gold in investment portfolios has been stable, but actually adding to gold allocations has required that opportunity cost, or that carrying cost, to come down for the investor in the western market, and that’s what we’re starting to see,’ Cavatoni explained during the interview.

Cavatoni also spoke about how the upcoming US election may impact gold, as well as other segments of demand for the yellow metal, including bar and coin demand, jewelry demand and technology demand.

‘Where the election will have impact (for gold) is on how policies will develop,’ he said.

‘That tends to show up six months or so post an election outcome when policies can be discussed, clarified and potentially start to be implemented. That’s why we think that six months into the election outcome is when you’re going to start to see more of an effect on the gold price,’ Cavatoni said, adding that there may still be short-term volatility.

Watch the interview above for more of his thoughts on gold market trends to watch right now.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterPinterestEmail
previous post
Mawson Finland Limited
next post
Anglo American Divests US$1.1 Billion Stake in Australian Coal Joint Venture

Related Posts

JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of...

July 23, 2025

Mali Court Upholds Detention of Barrick Employees

July 23, 2025

Tech Giants Escalate AI Spending in Race to Stay Competitive

July 23, 2025

Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

July 23, 2025

Sarama Resources Completes Mt Venn Gold Project Acquisition

July 23, 2025

Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11...

July 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • GOP lawmakers advocate for US condemnation of persecution against Christians in Muslim-majority nations

      July 23, 2025
    • ‘Not going away’: Inside the Epstein drama that’s thrown House GOP into chaos

      July 23, 2025
    • Obama denies Trump’s ‘bizarre allegations’ that he was Russiagate ‘ringleader’ in rare statement

      July 23, 2025
    • Huckabee hits back at Western countries that ‘side’ with terror group Hamas

      July 23, 2025
    • Jeffrey Epstein case reopens focus on Ghislaine Maxwell as deputy AG steps in

      July 23, 2025

    Categories

    • Business (1,455)
    • Investing (3,732)
    • Politics (4,966)
    • World (4,720)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing