Gold: Official sector purchases can move prices significantly above $1,400/oz – TDS

Four months later, after a major merger, one more purchase in the gold market became known in the gold mining sector. Newmont Mining Corp. plans to buy its rival Goldcorp Inc.

Gold prices edged up on Wednesday in Asia as political uncertainty in the U.K. boosted demand for the safe-haven metal. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange was up 0.2% at $1,290.35 a troy ounce by

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