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This week saw BHP’s last attempt to acquire fellow miner Anglo American fail. The negotiations had lasted six weeks, the offer prices were hiked twice, and yet the deal broke down. Because BHP only wanted Anglo’s copper operations. The deal, although failed, put copper in the spotlight—on the scene of resource scarcity. Earlier this month, copper prices ...
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Gold remained on the defensive this week with XAU/USD trading at 2340 ahead of the New York close on Friday. A massive reversal off technical resistance last week remains in focus with gold threatening a deeper correction within the broader uptrend. These are the update targets and invalidation levels that matter on the XAU/USD weekly technical chart ...