Gold Stocks (GDX) Mixed M&A Activity to Heat Up

Gold stocks were alloyed Tuesday morning as the Bazaar Vectors Gold Miners ETF (GDX) inched lower by $0.19, or 0.3%, to $60.98 per share. Gold stocks and the GDX captivated abiding as COMEX gold futures rebounded from beforehand losses to barter college by $6.80 at $1,785.20 per ounce. While the GDX acquaint a apportioned loss, the S&P/TSX Global Gold Index – Canada’s arch gold stocks blended – avant-garde 0.7% to 427.59.
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The gold amount connected to consolidate beneath the $1,800 per ounce akin Tuesday amidst the agitation in Europe

The gold amount connected to consolidate beneath the $1,800 per ounce akin Tuesday amidst the agitation in Europe. Gold prices accept traded in a bound bandage over the accomplished two weeks as yields on European absolute debt accept soared. Italy’s 10-year band crop acicular through 7% aboriginal this morning. In a agenda this morning, Susquehanna Banking Group accent that “spreads amid Belgian, French, Spanish, Italian bonds and the German 10-year bunds are alarming out.” S&P 500 banal futures sank 10.10 to 1242.30 while chestnut prices fell aback beneath $3.50 per pound.
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