Gold's Biggest Year Since 1979: Why the West Is Now Buying Too & What’s Next | Joseph Cavatoni

Gold demand surged to historic highs in the third quarter, fueled by purchases from central banks, inflows to ETFs, and activity in opaque over-the-counter markets, as revealed in the World Gold Council’s Q3 2024 Gold Demand Trends Report. In an interview, Jeremy Szafron, Anchor at Kitco News, discusses these findings with Joseph Cavatoni, Senior Market Strategist at the World Gold Council. Cavatoni provides a detailed breakdown of how geopolitical instability, from the U.S. election to escalating Middle Eastern tensions, is driving investors toward gold as a safe haven. He also explains why the Western investor is getting back into gold. On top of that, he explores the impact of technology-driven demand, record mine production, and the constraints on consumer and jewelry purchases due to high prices.

00:00 - Gold’s Record Year
01:51 - Western Investors Return to Gold
03:42 - Why Now? Western Interest Explained
05:30 - ETF Inflows Rebound
07:24 - Eastern ETF Demand Surge
10:14 - OTC Market Overview
12:07 - Challenges in Tracking OTC
15:24 - Central Bank Buying Trends
18:19 - India’s Gold Repatriation
20:14 - Geopolitical Risks & Gold
21:40 - LBMA Conference on Central Bank Demand
24:02 - Jewelry Demand Falls Globally, India Rises
26:22 - Growth in Tech Demand for Gold
27:49 - Trends in Bar & Coin Market
28:50 - Q3 Demand Surprises
30:43 - Conclusion

#GoldMarket #GoldInvestment #GoldDemand #GoldPrice #GoldTrends #GoldReport #GoldAnalysis #GoldForecast #GoldStrategy #GoldInsights #GoldNews #GoldMarketUpdate #GoldMarketAnalysis #GoldMarketTrends #GoldMarketForecast #GoldMarketInsights #GoldMarketNews #GoldMarketReport #GoldMarketStrategy #GoldMarketOutlook #kitconews
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

[markwithak]

So, to conclude, USD is down for -40% YTD versus GOLD. Even the Swiss Franc is down -30% versus GOLD now YTD

[jeffdevc]

lol…a bit late to the gold party….missed out on a lot of gains already.

I went all in on gold 2.5 years ago at $1600

[AGotti-ljon]

Gold should be the price of Bitcoin and Bitcoin should be the price of current gold it's just unfathomable to realize that air digital money is worth more then gold which is scarce compared to the amount that we have

[johnwade]

Whats driving the rally is the dollar isnt worth shit anymore

[anthonyjackson]

I like the quick view of the set 😋. Great interview as usual!

[TheKietNguyen-dydz]

Super super great information Brothers 👍😊❤❤

[Mrtrancefreak]

Sure been digging that new outro music kitco has

[petergozinya]

J-Man knocking it out of the park, as usual 👍

[rudeawakening]

Eric Sprott JUST bought 5 MILLION DOLLARS OF BKRRF ! A .16 cent penny stock that immediately doubled . This is the most producing silver mine in the USA and has so much more room to go parabolic .

[ThomasColt]

I've been following the surge in gold prices, especially since the recent economic downturn. What's driving this trend?

[Haardik.Bansal--]

Indian govt cutted off 9% in import duty on gold 4 months ago. A huge relief for buyers. Indian govt alsi want to increse house hold saving in gold. As result in duty cut, smuggling gone closed and traders/ jewellers buy gold with bill.

[keirenle]

Keep gold in London is safe? India and Venezuela and Russia would disagreed. 😁. At this point, no one is trustworthy enough to hold anyone's else reserves

[hart-coded]

why did he say major players are selling gold to retail and taking profits. then they drop the make and retailers freakout and sell. majors come back in and buy. and what about how theBSI is controlling the price of gold along with central banks.

[Lisa-byk]

Quick question: I have USDT in my SafePal wallet with the seed phrase. (obscure disagree shoe question clown holiday Tunnel stock inmate found scan pet) How do I transfer it to Binance?

[garycronin]

I have a view that in several countries, the unwashed can't always read or get a bank account. They understand gold and silver because it's wealth they understand they also make up a large part of humanity. I've watched 200 of them work from sun up to sundown without a drink of water and bow and put my boot on their heads (all of them) just because I took an injured man to a hospital and told the subcontractor to see he got his job back when healed.

[soullama]

Gold era started folks, All the governments are loading up GOLD. Load up some ounces.

[alexswanson]

Why does this guy talk in a nasaly voice? 😂😂😂

[loveandgamingxx]

Kamala/Biden just as bad as Jimmy Carter? 😂😂😂

[reynoldslacybrleroymeuschke]

!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement

[LondiweMtshali-yykf]

Now copy catting BRICS lol long live BRICS❤❤❤