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Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, people with knowledge of the matter said, adding to the pressure on the UK-listed miner after it rejected a takeover approach from Australia’s BHP Group Ltd. The activist hedge fund led by Paul Singer amassed the holding over recent months, the people said, asking not ...
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The gold price on Friday pulled back off the session highs of about $2,350 to trade at about $2,334. The price of the yellow metal continues to trade within an ascending channel formation in the 60-minute chart. Despite the pullback, gold continues to trade slightly above the 100-hour moving average line. Friday’s pullback prevented the XAU/USD from ...