Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

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

by May 8, 2024
May 8, 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
7,000 years ago, humans hunkered underground in lava tube caves with sheep, goats and art
next post
Crescent Point Deal and TMX Completion Fuel Activity in Canadian Oil Market

Related Posts

5 Renewable Energy Stocks on the TSX (Updated...

August 11, 2023

Lancaster Resources Receives Drill Permit Approval for Alkali...

April 30, 2024

Max Resource Discovers New Copper & Silver Target...

September 21, 2023

Cybersecurity Stocks: 10 Biggest Companies in 2023

October 19, 2023

High-Grade Gold and Copper Assays Open Up Immense...

February 6, 2024

Aston Bay and American West Metals Announce Fourth...

August 18, 2023

Top 5 Canadian Mining Stocks This Week: Durango...

February 15, 2025

TECPETROL ANNOUNCES SUCCESSFUL TAKE-OVER BID TO ACQUIRE CONTROL...

October 24, 2023

Toggle3D.ai Grows Userbase by 70% and Unveils Groundbreaking...

September 21, 2023

Westgold Strategic Alliance and Placement

May 31, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved