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World Gold Council: Gold ETFs and over-the-counter (OTC) investments will benefit from the macroeconomic winds in 2025, and central banks will continue to maintain (gold purchase) policies. Although demand for gold bars and coins is strong, it may slow down in some major markets, and continued strong gold prices may further erode jewelry consumption. Supply may see annual growth, while supporting conditions for scrap metal recycling and mineral production.1. The trading volume of WTI crude oil futures was 1,314,987 lots, a decrease of 154,512 lots from the previous trading day. The open interest was 1,764,284 lots, a decrease of 16,273 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 199,904 lots, a decrease of 25,003 lots from the previous trading day. The open interest was 162,488 lots, a decrease of 11,811 lots from the previous trading day. 3. The trading volume of natural gas futures was 493,509 lots, a decrease of 264,236 lots from the previous trading day. The open interest was 1,560,504 lots, a decrease of 11,626 lots from the previous trading day.On February 5, the World Gold Council said in a new report on gold demand trends that total gold demand in 2024 increased by 1% year-on-year to an all-time high of 4,974.5 tons. Driven by record prices brought about by geopolitical and economic uncertainty and investors search for safe-haven assets, the value of this demand soared to $382 billion. Gold demand reached a record $111 billion in the fourth quarter. Louis Street, senior market analyst at the World Gold Council, said: "Geopolitical uncertainty remains high, which will always be a factor supporting investment in gold, whether it is shifting from concerns about military conflict to uncertainty in trade conflicts." The report said that geopolitical and economic uncertainty will remain high in 2025, and it seems very likely that central banks will once again use gold as a stable strategic asset.World Gold Council: Total gold supply to 2024 grows at 1% per year as both ore supply and recycling grow. Preliminary estimates show that ore production peaked at 4,974 tonnes in our data series.World Gold Council: Gold jewelry consumption fell 11%, hit by record high prices. On the other hand, demand soared to a record $144 billion.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.