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Gold’s M&A spree builds as bullion rally boosts values

Posted on 02 August 2016

A $US50 billion ($S65 billion) gold-industry deals spree is extending into its third year, even as a surging bullion price makes sealing transactions and valuing mines more difficult. Gold has regained its lustre as investors seek havens from volatile markets and weak interest rates.
While the metal is up about a quarter this year, the value of mergers and acquisitions has soared. The average paid in 133 transactions in the three months to June was $US64 an ounce of gold equivalent in the ground, up from $US36 in the first quarter of 2016, as buyers factor in better long-term price expectations, according to Bloomberg Intelligence………………………………………..Full Article: Source


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