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Joe Cavatoni: Gold's Next Price Catalyst After Record H1 Performance
"We're looking for that catalyst," Joe Cavatoni of the World Gold Council said when asked about where gold may go after its record-setting performance in the first half of the year.
Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, reviewed gold's H1 performance and outlined what factors could drive the yellow metal in the second half of the year.
In his opinion, the sector's east/west divide remains, and will be key to watch as 2024 continues.
"I think that what we're looking at in the second half of the year is whether or not the eastern investor, who doesn't really pay much attention to where US rates are, or real rates are in western markets — they're looking at their homegrown investment requirements — will they stay active and actually continue to make that investment into gold in their investment portfolios," he said on the sidelines of the Rule Symposium.
Watch the interview above for more from Cavatoni on gold market trends to watch right now.
You can also click here to view the Investing News Network's Rule Symposium playlist on YouTube. Recorded presentations from the Rule Symposium are available here.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: 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.
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With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Learn about our editorial policies.