Gold demand just posted its strongest Q1 since 2016, led by a sharp reversal in ETF flows, relentless central bank buying, and soaring retail demand across Asia – even as prices approach record highs.
Joseph Cavatoni, senior market strategist at the World Gold Council, joins Kitco News anchor Jeremy Szafron to break down the latest Gold Demand Trends report and what it signals about inflation hedging, de-dollarization, and systemic market stress. With the ECB warning of a potential gold-driven liquidity crisis, and Moody’s cutting the U.S. credit rating, the conversation goes deep into the structural forces reshaping the gold market and how the precious metal performs in a crisis.
Key Topics:
-Why ETF demand surged by 226 tons – the most since 2022
-Record central bank gold purchases from China and Poland
-Are investors bracing for fiscal instability and inflation?
-ECB flags gold as potential systemic risk – should you worry?
-U.S. tax reform and what it means for institutional gold demand
-Costco limits gold sales as retail demand soars
-Price outlook: Is $4,000 gold now in play?
Follow Jeremy Szafron on X: @JeremySzafron (
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Follow Joe Cavatoni on X: @JCavatoni_WGC (
00:00 Introduction
00:32 Gold Demand and Investor Behavior
01:19 Interview with Joseph Cavatoni: Insights on Gold Market
10:33 Central Bank Gold Purchases
13:33 Retail Investment Trends in Gold
18:39 Macro Economic Factors and Gold’s Future
22:11 Legislation and Strategic Initiatives in Gold
23:48 Conclusion
#Gold #JosephCavatoni #WorldGoldCouncil #GoldDemand #DeDollarization #CentralBanks #GoldETFs #Moody #Treasuries #GoldOutlook #KitcoNews
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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34 Comments
Gold just posted its strongest Q1 since 2016 and central banks are still loading up. Is this the start of a long-term revaluation or just a pause before the next shock? What do you think? Let us know below.
To old…..
Long term no doubt gold goes up, but it has to correct significantly every once in a while to keep going up.
Given the current surge in the gold market, I believe that investors should concentrate on under-the-radar gold. The safest way to deal with it, in my opinion, is to diversify your investments by spreading them across a variety of asset classes, such as bonds, real estate, and gold, as this can lessen the impact of a market meltdown.
Reality Check:
The market credit default swaps for US Treasuries is trading at BBB. That's six notches below Moody's rating Aa1.
Guys, did you see that gold demand report? With all the economic uncertainty, people are rushing back to gold. Makes me wonder if my money’s even safe sitting in the usual stocks and bonds right now.
In addition that do not forget that they want to reduce human beings in all around the world, look at the new pandemic senario…
Water Wars is on the door..
Buy land which is near the water resouches
Do not forget , agriculture will be very important in the fucture , also waterrr…
money makes the system corrupt and now they are gonna change the system to a new corrupt system
lol
This administration is not actually dealing with the debt problem, they are just paying lip service to it, if they were serious about the debt they would be cutting spending but they’re not
Given the current surge in the gold market, I believe that investors should concentrate on under-the-radar gold. The safest way to deal with it, in my opinion, is to diversify your investments by spreading them across a variety of asset classes, such as bonds, real estate, and gold, as this can lessen the impact of a market meltdown.
$5000
Fools rush in!
Gold and Silver are "outside the system" savings accounts for me and only buy on huge dips like we have seen recently. Buying Gold and Silver keeps me from spending money on silly and unnecessary purchases. Holding physical Gold and Silver allows me to quickly pull in emergency needs and sell at my LCS and walk away with cash when needed. Not looking for it to moon and get rich off the purchases
Moody was about 2 years to late.
Market didn't care when 2 other agencies down graded the US.
You are dead wrong about the government moving to control the growing national debt. Trump and the Republicans are planning the most massive deficit in American history so they can give tax cuts to themselves. That is not even close to proper management,
Amidst shifting economic tides, the Fed's early move on interest rates before hitting the 2% inflation mark signals a crucial turn for investors. This isn't just about stocks and bonds reacting; it's a ripe moment for crypto enthusiasts. As traditional markets recalibrate, the crypto world beckons with its promise of growth and diversification. It's a call to action for investors to rethink strategies and possibly ride the wave of change that's sweeping through the financial landscape…..managed to grow a nest egg of around 100k to a decent 532k in the space of a five weeks… I'm especially grateful to Alicja Plonska whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape….
To the person pretending… nice update and room but you could drastically benefit from improving your speaker placement. Those Focals in the corners with furniture in the middle and extreme toe in is far from optimal.
If the current tax break for the rich bill that Trump wants passed will add another 4-5 trillion to the debt, how can this administration be dealing with it ? They are dealing with it alright…they are exploding the debt to no end.
John 14:6
Buying buying but more important is: who is selling to the buyers? It's not that this golf is magically appearing or ultra fast mined? Gold change hands increase price but this is half the picture
. Did this guy just pull his head out Andy Shifty eyes Schectman's ass?
There is no mystery here. Ahead of basal 3 requirements ETF's will find themselves lacking in vault supply which must be made up prior to the July 1st deadline. Naturally they are buying on the down low, spreading out purchases and doing everything that they can to prevent a price spike.
Thanks
Dreamers….🙄🙄
this aint "news" or analysis…you guys just irrationally pump gold all day…especially since the asian guy and the blond left…just be transparent that you are cheerleaders
✨️🇺🇸✌️
“The current administration is dealing with it”? DREAM ON! Yet more tax cuts are the exact opposite of dealing with it. 😂
Is it really Safryn or actually Shafron?
Imagine someone being smart enough to swap paper dollars for real Gold.
Here it is, fear talk, fear, fear, panic.