Allied Gold Says China’s Zijin Gold Terminates Takeover

Gold prices remain stable on Wednesday, July 29, 2026, as markets await the upcoming Fed rate decision. Simultaneously, Allied Gold Corp. announced that the agreement for its acquisition by Zijin Gold International Co. has been terminated. Instead of a full takeover, the Chinese company will provide an investment of approximately $295 million into the Africa-focused gold miner. These developments highlight both macroeconomic anticipation and strategic shifts within the global gold mining sector.