Interview with Market Strategist Joseph Cavatoni from the World Gold Council at PDAC 2024 in Toronto. Demand for gold was very strong in 2023, especially from central banks in developing countries such as China and Poland. This demand is expected to continue in 2024. An additional catalyst for the gold price will be interest rate cuts by the Fed, if they come. Many institutional investors are then likely to buy gold, as gold is not known to pay interest and therefore competes with yielding asset classes such as bonds and equities. Find out more about the work of the World Gold Council: www.gold.org
World Gold Council: Global Demand for Gold Will Drive Prices Up in 2024
16:30 MIN 1.640
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