Joe Cavatoni: Gold’s Key Driver Now, Catalyst for Next Leg Higher

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, explains that market risk and uncertainty are driving gold, with H1 2025 seeing multiple record highs.

‘Think strategically when you think about gold, and keep that allocation in mind,’ he said.

He also shares thoughts on the importance of central bank allocations and the potential impact of tariffs and US economic conditions on gold during the second half of 2025.

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