American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Joe Cavatoni: Gold’s Run Not Over, Eastern Markets Driving Price

by admin May 9, 2024
May 9, 2024
Joe Cavatoni: Gold’s Run Not Over, Eastern Markets Driving Price

Aside from key demand drivers like 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.

He went on to explain that western investors generally tend to pile into gold when the metal’s price is high. Now, however, they’re standing on the sidelines waiting for interest rates to start coming back down.

Conversely, eastern investors, who would normally rein in purchases when prices are higher, continue to buy. Cavatoni pointed to currency and property sector concerns in China as part of the reason this is happening.

Overall, he sees more room for gold to run after its record-setting moves earlier this year.

“The upside potential has been really exciting to watch, but definitely something that is giving us a signal that there might be more than just strategic investment at play. Likely some speculative investment playing out as well, whether that’s in the Americas or actually overseas in Asia. It’s really something that we’re keeping a close eye on,’ he said.

In closing, Cavatoni recommended keeping an eye out for black swan situations and the US election.

‘I always remind people to never underestimate the risk of a systemic event, whether it’s geopolitical or whatever the case may be … don’t overlook the fact that there’s a lot of pressure on financial institutions, banks, etc.,’ he said. ‘But what I’d also add and make sure people pay close attention to is that there’s an election year taking place in the US.’

Watch the interview above for more from Cavatoni on gold demand, plus overall market trends.

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
FacebookTwitterGoogle +Pinterest
previous post
Rio Silver Announces Grant of Stock Options
next post
Building collapse in South Africa leaves three dead, dozens trapped

Related Posts

Avoid MicroStrategy stock and buy MSTX and MSTU...

December 5, 2024

EHang stock: What next for this Joby and...

March 13, 2025

IAG share price is firing on all cylinders:...

December 12, 2024

Seismic Disruptions Could Cost Copper and Rhenium Industries...

July 20, 2024

What Was the Highest Price for Silver? (Updated...

May 30, 2024

Rick Rule: Black Swan to Watch, “Berserk” Scenario...

July 17, 2024

Oracle stock price forecast: brace for a brief...

October 27, 2024

Is it safe to buy the Tempus AI...

April 9, 2025

SCHD ETF analysis: 2 catalysts to move the...

May 19, 2025

Is it safe to buy the dip in...

April 21, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest News

    • Kraft Heinz plans breakup, weighs $20 billion grocery spin-off: report

      July 13, 2025
    • Trump’s 50% tariff on Brazil imports to brew trouble for Starbucks and Dutch Bros

      July 13, 2025
    • US to announce 30% tariff on EU and Mexico says Trump

      July 13, 2025
    • Why India is rushing to build bigger banks and what’s standing in the way

      July 13, 2025
    • Wall Street braces for weakest earnings season since 2023 amid market highs

      July 13, 2025

    Categories

    • Business (3,408)
    • Investing (2,624)
    • Latest News (2,017)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.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 © 2025 americaninvesthub.com | All Rights Reserved