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Gold between $2,700 to $3,000 - WGC's Joe Cavatoni says a lot of the market expects metal to rise
Gold is well supported with a number of factors supporting the metal, said Joe Cavatoni, senior market strategist for the Americas, World Gold Council. Geopolitical concerns and strong central bank buying are some of the factors supporting gold. "You've got all the key elements of what's making up a really, really amazing picture for the gold market," said Cavatoni. "Central bank buying is pretty amazing, and it's pretty fundamental." Jewelry demand is currently under pressure due to high prices. The technology sector's demand is growing but still relatively small. Cavatoni said the WGC doesn't forecast gold ...
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- Sep 5, 2024 3:55am Sep 5, 2024 3:55am
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GothamPapers - | Joined Jun 2024 | Status: Member | 5 Comments
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- Posted: Sep 4, 2024 8:22pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 238
