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Search resuls for: "John Reade"


4 mentions found


☆ Gold is getting harder to find as miners struggle to excavate more, World Gold Council says
  + stars: | 2024-06-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +1 min
An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand. The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council. According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago. In 2022, the growth was 1.35% year on year, the year before it was 2.7%, while in 2020, global gold production logged the first decline in a decade, sliding 1%. New gold deposits are becoming harder to find around the world as many prospective areas have already been explored, he elaborated.
Persons: We've, we've, John Reade, Reade Organizations: World Gold Locations: Bangkok, Thailand
☆ Gold mining industry is struggling to report sustained growth in production: World Gold Council
  + stars: | 2024-06-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold mining industry is struggling to report sustained growth in production: World Gold CouncilJohn Reade, chief market strategist at the World Gold Council, says "it's getting harder to find gold, permit it, finance it and operate it."
Persons: John Reade Organizations: World Gold
☆ Gold prices have never been this high
  + stars: | 2023-12-04 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —Gold prices hit an all-time high Monday, buoyed by growing expectations of interest rate cuts among investors, a weaker dollar and geopolitical tensions. “This has created a more favorable environment for gold as a non-yielding asset.”John Reade, a market strategist at the World Gold Council, an association of gold producers, told CNN that, with investors predicting several rate cuts over the next year, gold prices could “quite possibly” shoot above Monday’s record high. Since gold is priced in US dollars, the fall in the greenback’s value has made it less expensive for investors outside the United States to buy the metal, which should have boosted demand and, in turn, lifted gold prices. Gold prices have risen 10% so far this year. According to the World Gold Council, central banks in emerging markets bought 473 metric tons (521 tons) of gold a year on average between 2010 and 2021.
Persons: ebbs, Daria Efanova, ” John Reade, Jamie Dimon, ” Reade, “, Reade, ” Organizations: London CNN —, US Federal Reserve, Treasury, Sucden, World Gold Council, CNN, Interactive Investor Locations: United States, Russia, Ukraine, Israel, Gaza, China, South China, Taiwan, Russian
☆ These savvy homeowners are cutting their energy bills by installing solar panels
  + stars: | 2022-10-02 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +4 min
Many households are facing soaring energy bills this winter even with price caps or subsidies. Some people are installing solar panels on their roofs to help bring down costs. The solar panels generate energy even when it is cloudy or raining, he said, and it will be his first winter using them. John Reader, 74, from Cornwall, says it cost close to £7,000 ($7,800) to get 16 solar panels installed on his house. The amount of electricity the solar panels produce varies from between seven to more than 30, depending on how sunny it is.
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