Zuri-Invest Gala: Gold Market Update with John Reade

In his speech, John Reade from the World Gold Council provides an update on the gold market, discussing its performance in 2023 and the record highs in 2024. He highlights the strong performance of gold, which has hit record highs in multiple currencies. The presentation also explores the factors driving gold, including central bank buying, Chinese retail demand, and geopolitical factors. John Reade also addresses the underperformance of gold mining equities and suggests that the lack of attention from generalist funds and the absence of big wins for small companies may be contributing factors. The potential catalysts for a change in sentiment towards gold equities are discussed, including lower interest rates and improved performance of gold and silver.