Gold mining takeovers set record
Global gold mining takeovers set a record this year with ``chest-beating'' miners chasing deals as the price of the metal surged, boosting fees at advisory banks BMO Capital Markets, HSBC Bank and Merrill Lynch.
Gold hit its latest record on Monday, approaching $900 an ounce as investors sought protection against a potential US recession and a weaker dollar, with Asian stocks steadying after recent sharp losses.