Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
US-backed Gaza aid group launches bold new system...
Biden doctor pleads the Fifth in speedy House...
Watchdog backs Rubio’s sanctions on UN official over...
Trump taps Sean Duffy to serve as interim...
Trump cautioned Putin he would ‘bomb the s—‘...
I worked for the most successful third party...
‘Gut check time’: Dissent among Senate GOP ranks...
New book reveals what Obama and ‘conqueror’ Trump...
Trump had very unexpected convo with Obama at...
10 reasons the DOJ and FBI face backlash...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

John Reade: Gold Price Drivers Shifting, What Will Fuel Next Leg Up?

by admin September 18, 2024
September 18, 2024
John Reade: Gold Price Drivers Shifting, What Will Fuel Next Leg Up?

Speaking ahead of the US Federal Reserve’s much-anticipated September meeting, John Reade, senior market strategist at the World Gold Council, shared his thoughts on where gold is in the current cycle.

‘Coming up to what is widely expected to be the start of a US rate-cutting cycle, ironically you could actually say that gold is early in the cycle. Gold typically performs pretty well when rates are cut, and if those rate cuts lead to weakness in the US dollar, which they certainly might, that could be a double tail wind helping the metal from here,’ he explained.

‘So this cycle’s been quite different, and that makes answering (the) question quite tricky.’

When asked about gold price drivers, Reade said emerging markets been top of mind this year.

However, in his view a shift could now be taking place, ‘As emerging markets are slowing somewhat, and interest rates are starting to come lower in the west, we might see a reversion to what is typically seen as the driver of gold — so slavishly following the US dollar and moves in interest rates and interest rate expectations,’ Reade said

‘I’ll reiterate — I think it’s going to be western macroeconomic factors that probably take the lead in determining gold’s direction for the balance of this year and into 2025,’ he emphasized during the conversation.

Watch the interview above for more of his thoughts on gold demand and price factors.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Microsoft Plans to Reduce Kernel-level Operations for Cybersecurity Vendors Post-outage
next post
Lucara Continues Streak of Big Diamond Discoveries with 1,094 Carat Find at Karowe

You may also like

Gold Reaches New Price Record, Then Pulls Back;...

October 26, 2024

Critical One Sells Uranium Assets to Dark Star,...

June 17, 2025

Zero Candida Technologies:Pioneering Technology-driven, Innovative Solution for Non-drug...

December 18, 2024

Multiple New Multi-Commodity Targets

May 12, 2025

QEM Appoints Robert Cooper as Director, following Leadership...

July 2, 2025

Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private...

May 26, 2025

High Grade surface silver results up to 920g/t...

May 15, 2025

Top 5 Canadian Silver Stocks of 2025

April 14, 2025

Purepoint Completes Initial Drill Program Along Groomes Lake...

May 23, 2025

Crypto Market Review: Trump Media Planning US$3 Billion...

May 27, 2025

Recent Posts

  • US-backed Gaza aid group launches bold new system to deliver food directly to families
  • Biden doctor pleads the Fifth in speedy House closed-door interview
  • Watchdog backs Rubio’s sanctions on UN official over ‘shameful efforts’ targeting US, Israel
  • Trump taps Sean Duffy to serve as interim NASA chief
  • Trump cautioned Putin he would ‘bomb the s—‘ out of Moscow if Russia invaded Ukraine, new book claims

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (819)
    • Investing (2,497)
    • Politics (3,095)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.