- Gold declined as expectations of higher-for-longer Federal Reserve rates boosted real yields and weighed on bullion, which pays no coupon.
- Northern Star Resources shares rose more than 9% on Monday after the Australian gold miner rejected a $27B takeover proposal from South Africa's Gold Fields.
Quotes
“Gold Falls on Expectations of Higher for Longer Fed Rates”
“Shares in Australia's Northern Star Resources (NESRF) rose more than 9% on Monday after the gold miner rejected a $27B takeover proposal from South Africa's Gold Fields (GFI).”