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Gold Bulls Could Lead M&A Stampede

Posted on 20 May 2016

Gold producers have a new spring in their step following a rebound in the value of the precious metal, and it is an optimism that could trigger deals. The price of gold has risen more than 18% since the turn of the year, filling the coffers of producers whose balance sheets had already been strengthened by a focus on debt repayments and years of cost cutting following a downturn in prices in 2013.
“Gold has been one of the best performing commodities this year, as investors have sought safe havens amid equity market volatility and as expectations of a US rate hike have been pushed out,” Goldman Sachs analysts noted in a report that upgraded their gold price forecasts to $1,200 an ounce by the end of the year, up 4%………………………………………..Full Article: Source


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