Eldorado Gold Corp agreed on Monday to purchase fellow Canadian mining company Integra Gold Corp for C$590 million ($432.4 million) in the latest move by gold miners to opt for less risky geopolitical regions in a lackluster gold market.
Gold prices edged higher on Monday as weaker-than-expected economic data from the U.S. and a missile test by North Korea over the weekend pressured the dollar. Spot gold was up 0.3% at $1,232.45 per ounce at 0726 GMT and hovered just above the 100-day moving average.
European stocks and the euro pulled back on Monday from highs touched after pro-European centrist Emmanuel Macron's emphatic but well-flagged victory in France's presidential election as investors' focus shifted from politics to monetary policy.
OPEC and non-OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC delegates said on Thursday, downplaying the chance of additional steps such as a bigger cut.
Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to provide an update on the operations and exploration activities at its Eagle Mountain Gold Project (“Eagle Mountain”) located in Guyana, South America.
Gold prices were little changed on Monday, buoyed by weaker-than-expected U.S. construction spending and manufacturing data that pushed the dollar index lower but pressured by an agreement that averted a government shutdown. U.S. Congressional negotiators hammered out a bipartisan agreement on a spending package to keep the federal government funded through Sept. 30, averting a government shutdown and dampening demand for non-interest paying bullion.