Wall Street Giants Secretly Gobbling Up Gold?

Central banks are allocating gold as a strong diversifier for their reserve portfolios, says Joseph Cavatoni, Market Strategist, North America, World Gold Council. He tells Daniela Cambone that the correlation between gold and the US dollar still exists, despite rising gold prices and a strong dollar, driven by high demand in Asia. "Our expectation is that the Fed pivot will likely lead investors to increase their gold allocation," he concludes.

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📖 CHAPTERS:
00:00 Western investors towards gold
5:53 Wall Street towards gold
7:08 Central banks buying gold
10:17 Gold price
12:58 Concluding words

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