Balanced signals have greatly reduced common mode noise, but that’s not what I would call a cable artifact, so much as atmospheric, or environmental.
What they can completely eliminate is ground loop contamination, and crosstalk. Cross talk COULD Be caused by a non-zero ohm ground.
So three things:
- Improved common-mode noise rejection
- Eliminated ground loop
- Reduced L to R cross talk
But eliminate cable effects? That’s a bit of a stretch for me. It does not cancel out capacitance, inductance or resistance.
Best,
Erik