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Benzinga
Benzinga
Business
Stjepan Kalinic

Gold Deals Pick Up As Metal Soars Past $4,200

Gold
Gold Sector Rallies But Lags Past Cyclical Highs: BofA

Gold has passed yet another milestone in one of its best years in decades. The yellow metal has exceeded $4,200 per ounce on the spot market on Wednesday morning. At these levels, it is unsurprising to see merger and acquisition activity accelerating.

Institutional expectations for rally continuation remain positive, as seen in the latest Bank of America (BofA) note.

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