Joseph Cavatoni | Source | Senior Market Strategist at World Gold Council
Joseph Cavatoni
Joseph (Joe) Cavatoni joined the World Gold Council in September 2016 to lead business strategy for the Americas which includes oversight of investor relationships, product solutions, research, and marketing as well as the global ETFs platform. He also serves as Principal Executive Officer for the World Gold Trust Services, LLC; President of WGC USA Asset Management Company, LLC; Board Member and President of WGC (US) Holdings, Inc.; and as a member of the Executive Committee.
During his three-decade career in the financial services industry, Joe has developed and demonstrated expertise in the areas of global capital markets, exchange traded funds, asset management, trading, and business/platform development. He also spent more than 15 years working in Asia. Prior to joining the World Gold Council, Joe was a managing director at BlackRock where he was responsible for iShares Capital Markets (Americas) and was a member of the firm’s Executive Committee. His responsibilities also included product development and management as well as running a global team. Prior to BlackRock, he held senior positions at UBS, Merrill Lynch and Bank of America focused on equity derivatives trading, securities financing and lending.
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World Gold Council
Senior Market Strategist
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Gold Typically Ticks Up After Midterms, World Gold Council Says
Gold prices have risen 62% of the time over the six months following midterm elections, with a median return of 2%, according to a World Gold Council report using data going back to 1970. This year, according to Joe Cavatoni, chief market strategist at World Gold Council, gold prices are more depen
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HSBC will have to share custody with JPMorgan of $52 bln in gold bars
JPMorgan will join HSBC in storing bullion for the world's biggest gold-backed exchange-traded fund (ETF), the fund's operator said on Thursday, ending its rival's sole guardianship of the $52-billion stash of gold.
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Gold Pricing Unveiled: Insights from World Gold Council's Joseph Cavatoni
Joe explains that gold prices start with the global spot price, influenced by demand, liquidity, and type. "Sellers adjust prices based on market forces and logistical factors." Investors should consider premiums, buyback policies, and liquidity. Gold remains a safe-haven investment amid economic uncertainty. Understanding the distinction between spot price and physical gold premiums is crucial for informed decisions. -
Gold Jewelry Sales Decline Amid Rising Prices in 2024
Joseph observes that "higher prices are making consumers more cautious," with a shift towards gold bars and coins. For 2025, he suggests that if economic conditions stabilize, interest in gold jewelry may revive, especially where it's seen as both luxury and investment. -
Gold Prices Poised for Growth Amid Economic Shifts in October 2024
Joseph highlights that central bank demand, lower Treasury yields, and a weaker U.S. dollar will support gold prices. He notes, "Factors like record central bank buying and increased global investor allocations suggest gold could climb past $2,500." Additionally, cooling inflation and potential rate cuts may boost gold's appeal as a hedge against economic uncertainties.
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“Gold has a unique nature,” said Joseph Cavatoni, WGC’s chief market strategist for North America. “It’s a commodity and it’s a financial asset. Demand comes from many sources, including consumers, investors, technological [uses] and central banks.” - Pensions & Investments
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“While the volume of gold purchased is almost unprecedented; this is a long-term trend,” Joseph Cavatoni, chief market strategist of North America at the WGC, said. “We don’t expect this buying streak to end, although it might slow down.” - The Wall Street Journal (1.31.23)
