Gold miners headed for the altar?
Barrick Gold is reportedly planning a $19.0 billion hostile takeover of Newmont Mining. The plan is for a two-part deal involving Australia’s Newcrest Mining, which would end up with Newmont’s Australian assets.
Head of Commodity Strategy, Saxo Bank Group
Summary: Growth-dependent commodities such as crude oil and industrial metals remain weighed down by deteriorating macro while precious metals rekindle their safe haven role.