Central Banks Are Quietly Hoarding More Gold Than Ever, This Is Why – Joe Cavatoni

Jeremy Szafron, Anchor at Kitco News, interviews Joe Cavatoni, Senior Market Strategist for the Americas at the World Gold Council. Cavatoni provides an in-depth analysis of the gold market in 2024, detailing central banks' strategic accumulation of gold to hedge against economic and geopolitical risks. He explains the significant increase in gold reserves by developing economies and the role of gold as a liquid shock absorber. Cavatoni discusses the dynamic shift in gold investment between Eastern and Western markets, highlighting the surge in demand from China and India. He also covers technological advancements in gold tracking with blockchain, the impact of inflation and interest rates on gold prices, and the future outlook for gold driven by geopolitical tensions and economic data, concluding with insights into the sustained high demand for gold and its implications for global economic stability.

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00:00 - Introduction
01:01 - Central Bank Gold Purchases
03:01 - Technological Advancements in Gold Tracking
06:01 - Geopolitical Impact on Gold Demand
09:01 - Emerging Market Dynamics
12:01 - Western vs. Eastern Gold Investment
15:01 - Impact of Economic Data on Gold Prices
18:01 - Strategic Importance of Gold in Central Bank Portfolios
21:01 - Future Outlook for the Gold Market
24:01 - Conclusion and Key Takeaways

#GoldMarket #CentralBanks #GoldInvestment #BlockchainTechnology #GeopoliticalTensions #EmergingMarkets #EconomicData #GoldPrices #KitcoNews #JoeCavatoni #JeremySzafron #GoldDemand #InvestmentTrends #goldchina #chinagold #brics #commoditiesmarket
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