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If gold is gaining why is M&A muted?

Kitco News

The Fed announcement on Wednesday that interest rates would stay unchanged, as well as signaling no rate hikes through 2022, sent gold higher with Comex gold futures finishing the week $32 higher at $1,737 an ounce.

Kitco's Michael McCrae and Neils Christensen sat with sector specialist Luis Rivera to discuss where gold could be headed next.

Money is flowing into the mining sector, but M&A could be muted by COVID-19 restrictions. Twenty-twenty's deals pale to last year's blockbuster tie-ups, such as the $13B Goldcorp-Newmont deal, and Kirkland Lake-Detour Gold take out at $3.8B. This year, the biggest deal is SSR Mining-Alacer at $2.4B.

Rivera authors High Grade. He is also a great follow on Twitter at EconomicAlpha.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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