OceanaGold stock falls on lower Q2 output
Gold production for Q2 2024 came in at 98,200 oz., down almost 25% from the 2023 quarter.
With Cheltenham races this week, everyone is in betting mood. It would appear that the cards could be stacked in IntercontinentalExchange’s favor, as the operator has come up as an outside favourite to possibly succeed the London Bullion Market Association ‘request for proposal’ to reform the London gold market.
Why? Because the other two rumored exchanges involved in the process — the London Metal Exchange and CME Group — have already been touted, maybe?
“The market is currently built on hearsay, and rumors,” said one source close to the situation.
And guessing. Oh, and lack of interest.
“I have a business to run,” said one senior source.
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