Central banks use gold as a powerful diversifier for their reserve portfolios, says Joseph Cavatoni, North America market strategist at the World Gold Council. He explains to Daniela Cambone that the correlation between gold and the US dollar remains despite rising gold prices and a strong dollar due to high demand in Asia. "We expect the Fed's turnaround to likely prompt investors to increase their gold allocation," he concludes.

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CHAPTER:
00:00 Western investors turning to gold
5:53 Wall Street towards gold
7:08 Central banks buy gold
10:17 Gold price
12:58 Closing remarks

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