Unearthed

Hosted by World Gold Council

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Oct 2026

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Join the World Gold Council’s market strategists for informative and insightful discussions with global thought leaders. Together, we’ll unearth golden insights spanning macroeconomics, investment and consumer trends, geopolitics, technology, trust, supply chains and more.

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41 recent

October 21, 2026Episode 557 min

Unearthed: Gold Holds Steady Ahead of U.S. Midterms

This episode was recorded on 15 October 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack why gold has been stuck in a holding pattern, with prices largely flat after a September pullback. With the U.S. midterm elections around the corner, they consider what the outcome could mean for gold, and why the answer may have less to do with party politics than investors might think. In the midst of conference season, they also turn to the topic dominating conversations on both sides of the Atlantic: central bank buying. After years of strong purchases and a sharply higher gold price, they ask what comes next for the sector, and what that could mean for the market in the years ahead. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

September 8, 2026Episode 538 min

Unearthed: Debts, Deficits, Debasement and What It Means for Investors

This episode was recorded on Thursday 3rd September 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade break down a volatile August for gold, with prices reaching highs of roughly $4,700 before correcting following hawkish comments from Kevin Warsh. They discuss the rally and how it looks narrower and more speculator-driven than the broad-based buying seen in late 2025/early 2026. They also touch on muted safe-haven demand despite ongoing Middle East tensions, as well as the Dutch National Bank's move to relocate gold from Ottawa and the US to London. Looking ahead, John and Joe flag the catalysts they're watching into September, from the FOMC meeting and incoming US data to signs of a broader physical demand recovery across China, India, and Southeast Asia. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

August 20, 2026Episode 518 min

Unearthed: What's Behind Gold's August Rally

This episode was recorded on 13 August 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack gold's push toward $4,400/oz, as softer US economic data clouds the outlook for further Fed rate hikes. They dig into a sharp pickup in ETF flows this month, continued central bank buying, and why the rally so far looks more tactical than broad-based — plus a surprisingly quiet seasonal demand out of China and India. Looking ahead, John and Joe flag the catalysts they're watching heading into the fall, from the Jackson Hole symposium to the U.S. November elections, and discuss what it would take to see the kind of retail enthusiasm that could take gold materially higher. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

July 24, 2026Episode 4314 min

Unearthed: Trust, Transparency, and Technology in the Gold Supply Chain with Dario Biedermann, aXedras

This episode was recorded on 25 February 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade examine how scientific innovation is strengthening transparency across the global gold supply chain. They are joined by Dario Biedermann, Head of xTrace at aXedras, to discuss how origin verification technology uses geochemistry and machine learning to confirm where gold comes from. From X-ray fluorescence (XRF) analysis to deep neural networks that match elemental “fingerprints” to known sources, the episode explores how traceability can work in both refineries and upstream ASGM environments. Subscribe to Unearthed wherever you get your podcasts, and visit Goldhub.com for more insights. Notable Quotes “This technology is now here. It’s not hypothetical anymore, we can implement it today.” – Dario Biedermann “You’ve got the hardware generating the data, but the real key is the software and the training model behind it.” – John Reade “In areas where traceability is paper-based, it’s very hard to prove where your material is actually from.” – Dario Biedermann “Traceability is becoming increasingly vital, not just for end users, but for governments and markets that need to understand these flows.” – Joe Cavatoni “We want to encourage sourcing, not systematically exclude certain areas—but be more granular and more precise.” – Dario Biedermann About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

July 10, 2026Episode 506 min

Unearthed: Calm in the Gold Market & What to Watch in Q3

This episode was recorded on 8 July 2026. In this episode of Unearthed, hosts John Reade and Joe Cavatoni take stock of a gold market that has calmed after a more volatile first half of the year. They discuss price movement to this point, gold briefly dipping below $4,000/oz before steadying, and expectations for the price of gold through the second half of the year. The two unpack the regional and category-level dynamics behind the relative calm, including a quieter Chinese market and the seasonal patterns that have historically influenced gold this time of year. They also dig into the sharp shift in US interest rate expectations amid geopolitical tension in the Middle East and renewed inflation pressure. Looking ahead, the hosts flag a busy period of catalysts, from the June FOMC meeting minutes and mid-month Beige Book release to the Fed's next meeting in late July and the always-closely-watched Jackson Hole symposium in September. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on X at @ goldcouncil and LinkedIn .

June 25, 2026Episode 495 min

Unearthed: Central Banks, Gold and the Road Ahead

This episode was recorded on 12 June 2026. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the findings of the newly released Central Bank Gold Reserves Survey 2026 and examine the recent gold price. The hosts explore key survey findings, including expectations for further central bank buying, reserve diversification trends, and changing approaches to gold storage. The episode also examines recent gold price weakness, the impact of inflation and interest rate expectations, and why the longer-term drivers supporting gold remain intact despite current market headwinds. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on X at @ goldcouncil and LinkedIn .

May 18, 2026Episode 476 min

Unearthed: Decoding Gold Demand

This episode was recorded on 13 May 2026. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss recent gold demand trends. The hosts unpack recent gold market activity, investor behaviour, and geopolitical influences affecting gold demand and prices. The conversation covers the impact of inflation, central bank activities, and regional demand shifts, offering valuable insights for investors and industry participants. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on X at @ goldcouncil and LinkedIn .

April 17, 2026Episode 456 min

Unearthed: Central bank gold transactions and strategies

This episode was recorded on 10 April 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade explores recent Central Bank activity in the gold market. Following years of record-high buying, recent headlines have highlighted sales, swaps, and reserve shifts across countries like Turkey and France. The episode explains how these moves reflect active, management - using gold as a liquid asset to support currencies, manage reserves, and respond to economic pressures. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

March 9, 2026Episode 448 min

Unearthed: Navigating Gold's New Volatility Among Geopolitical Conflict

This episode was recorded on 3 March 2026. In this episode of Unearthed, Joe Cavatoni and John Reade unpack gold’s sharp reaction to escalating conflict in the Middle East. The hosts discuss gold’s initial surge following geopolitical tensions, before levelling out as markets absorbed the shock. The conversation covers impacts on global gold supply chains, broader implied volatility trends for gold, and a changing investor base. The hosts also explore how gold’s rally, which began in 2024, has evolved. Looking ahead, investors should expect elevated volatility to persist amid ongoing geopolitical risks and disruptive global policy dynamics — conditions that are shaping not just gold, but broader financial markets in 2026. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

February 19, 2026Episode 4127 min

Unearthed: The New Shape of Gold Demand in China ft. Roland Wang, CEO of World Gold Council China

In this episode of Unearthed, hosts Joe Cavatoni and John Reade examine the shifting dynamics in China - the world’s most important gold market for more than a decade. They are joined by Roland Wang, Regional CEO for China at the World Gold Council, to explore how gold demand is evolving amid economic headwinds, changing consumer behaviour, and rapid innovation. As real estate’s role as a primary store of value wanes, Chinese households are increasingly diversifying into gold in various and innovative ways. The conversation also dives into the transformation of China’s jewellery market, including the rise of “hard pure gold”. While consumer confidence remains a key challenge in this high price environment, the episode highlights why China’s gold market remains diverse, sophisticated, and structurally resilient. Subscribe to Unearthed wherever you get your podcasts, and visit Goldhub.com for more insights. Notable Quotes “Real estate was a big piece of savings and now people are moving into portfolios and diversification.” – Joe Cavatoni “For more than 10 years, China has been the most important market for gold.” – Joe Cavatoni “The investment demand overpassed the jewellery demand in China. It’s never happened before.” – Roland Wang “Consumers still like to buy it because they buy not only for the appearance, but also for the gold value behind it.” – Roland Wang “One of the leading gold ETFs in China attracted more than 40 million customers.” – Roland Wang “The increase in popularity amongst the Chinese ETFs has been a really big part of the story in gold, particularly over the last 12 months” – John Reade About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn . Terms & Conditions | World Gold Council

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