Video News/In Focus with Jeremy Szafron

Gold has surged to a new inflation-adjusted record high above $3,600 an ounce as the US economy flashes major stagflation warnings. With jobless claims hitting a four-year high and inflation running at its hottest level this year, legendary investor Ray Dalio is warning of a potential "market heart attack." In this interview, Kitco News Anchor Jeremy Szafron sits down with Joe Cavatoni, Market Strategist for the World Gold Council, to break down the powerful forces driving this historic gold rally. Cavatoni reveals exclusive data from a new WGC survey showing that 70+ central banks plan to become ‘less reliant’ on the US dollar, confirming a 15-year de-dollarization trend that is now accelerating. Jeremy Szafron presses Cavatoni on the REAL story behind the headlines: Is the de-dollarization trend far bigger than anyone is admitting? We discuss new analysis of China's customs data that suggests a colossal, under-the-radar gold buying campaign is underway. We also cover the bifurcation of the market, the impact of President Trump's tariff policies, and what the WGC sees as the new "rising floor" for the gold price.