The deal is expected to close in the 4th quarter and will be funded with existing cash reserves, debt facilities plus a new $500 million committed bank facility, according to JP Morgan.
Geopolitical tensions, central bank purchases, rate cut talks, and falling bond yields drove gold to new highs, closing at $2,537.80 for front futures.
It's probably time for the difficult phase to be done. We've finally broken out, it looks like this one's going to hold above $2500 so now I think we're ready for another easy phase.
Gold just made a fresh All-Time High. One senses there are further levels up the Gold road with better than four months for this year remaining to unfold.
As sector gains increasingly mount, sentiment is nearing a tipping point where gold stocks return to favor. That will bring back traders in droves to chase growing gains...
Majority believe in fundamental reasons driving our market – that if you can understand the “reason” as to why a market moves a certain way then you have a certain amount of control.
Gold and the stock market have been moving together for quite some time, but I’ve urged investors to watch for a decoupling event… and it could have just occurred.
