Gold The Safe Haven For Investors: ABX Stock Jumps 20.41%

This article was written by Graham Ellinson, a Financial Analyst at I Know First currently studying Mathematics at Northumbria University Newcastle.
 

Gold The Safe Haven For Investors: ABX Stock Jumps 20.41%

“Gold will be around, gold will be money when the dollar and the euro and the yuan and the ringgit are mere memories.” — Richard Russell

Source: Szaaman via Wikimedia

Summary

  • Barrick Gold announce acquisition of RanGold making them the largest gold mining company
  • The price of gold plays a significant role in Barrick stock however it does have other operations such as its copper production
  • Barrick Gold is working aggressively to tackle its long-term debt

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