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 of the ‪@worldgoldcouncil‬ shares his thoughts on gold price drivers, saying that while emerging markets been top of mind so far this year, he sees a shift taking place.

"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 said.

❓ Will the east or west drive the gold price moving forward? Tell us in the comments!

This interview was filmed on September 11, 2024.

#Investing #Gold

0:00 - Intro
0:27 - Gold's place in current cycle
1:27 - Central bank gold demand
5:51 - COMEX futures speculation
9:45 - Rates and gold's next leg up
13:54 - Watch this key gold driver
17:18 - How much gold to own
19:00 - US election to drive volatility
20:13 - Outro

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