Canada’s move to protect mining sector shields takeover targets
Teck Resources spent much of last year fending off Glencore’s $23 billion takeover attempt before the Swiss company opted instead to just buy the company’s steelmaking coal business.
The combination of geopolitical and macroeconomic uncertainty will keep gold in focus for several more years, said Ruth Crowell, CEO of the London Bullion Market Association (LBMA), on Monday.
In an interview with Goldreporter, Crowell explained that the reason why is the price of gold not higher has to do with a strong US dollar, an alternative safe-haven asset.
Another big driver is the central banks, she said, in particular the incredible central bank buying program that started in 2022 and continued into this year.
Also discussed in the interview are some of the key challenges the gold industry is facing today and recent developments in the gold market.
Click here to read the full transcript.
