Gold Flows Driven by ‘Western Investor’ as Central Bank Demand Slows

Joe Cavatoni from the World Gold Council discusses gold near all-time highs and how the expectation of a Fed rate cut is affecting price. “The Western investor is definitely driving the flows right now,” he says, using ETFs as a proxy. The options and futures markets are showing “risk trading” that could cause more price volatility in the short term, he adds.

Market On Close

29 Aug 2025

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