Gold down in early NY, digests Barrick/Placer deal

Newswire

NEW YORK, Oct 31 (Reuters) - Gold futures fell in early New York trade on Monday as traders considered what Barrick Gold's surprise takeover bid for Canadian competitor Placer Dome could mean for bullion prices. Though there was more immediate concern about the risk of a shakeout in the overbought gold market, players focused on the longer-term implication's of the blockbuster $9.2 billion deal, which would create a gold mining giant nearly rivaling Denver-Based Newmont as the world's ...

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