Matt Jelonek
Coverage of Matt Jelonek in the Nexus archive.
- Hong Kong Targets July Launch for New Gold-Clearing System
Hong Kong is planning to launch a new gold-clearing system in July, amidst market volatility and a reversal in gold and silver prices. The system's launch is expected to drive investors into safer assets. The move comes as Bitcoin's value tumbles and the stock market experiences whipsaws.
- World Underestimating Iran War Impact on LNG, Says Woodside CEO
The CEO of Woodside, an Australian energy company, warns that the world is underestimating the impact of a potential war with Iran on the global liquefied natural gas market. This warning highlights the potential disruption to the energy sector. The CEO's statement emphasizes the significance of the issue.
- Equinox Gold Agrees to Buy Orla Mining in $5.1 Billion Deal
Equinox Gold has agreed to buy Orla Mining in a $5.1 billion deal, a significant transaction in the gold mining industry, amid rising gold prices that reached a record in January. The acquisition highlights the growing demand for gold and the consolidation of the mining sector. The deal is valued at $5.1 billion.
- Gold Holds Losses on Signs That US-Iran Ceasefire Is Fraying
Gold prices hold losses due to signs of a US-Iran ceasefire fraying, with its advance supported by central-bank buying and rate cuts by the US Federal Reserve. The gold market is also influenced by rising holdings in exchange-traded funds. Gold Corp.'s operations, such as the Perth Mint Refinery, play a role in the industry.