Commodities
Gold Fields Revives Northern Star Bid Amid Rising Energy Costs
Gold Fields CEO Mike Fraser has left the door open to another bid for Northern Star Resources after its initial $27.1 billion proposal was rejected.
The company could mount another offer, despite the rebuff from Northern Star.
This comes as gold prices struggle for direction due to rising energy costs and a Federal Reserve that shows little appetite for loosening policy.
Gold changed hands at $4,206.92 an ounce on the spot market, a modest gain of 0.8 percent on the day.