Gold's latest rally comes after Federal Reserve minutes on Wednesday indicated that several policymakers considered pausing rate increases.

The bank has cut numerous base metals clients in Asia, with particularly deep cuts among privately owned Chinese companies.

The deal is the latest in a wave of buyout offers across the mining sector, as companies look to expand their copper footprint.

Glencore Chief Executive Gary Nagle is flying to Toronto to meet with some Teck shareholders on Thursday to personally lobby them to support the deal.

The yellow metal drew strength from a slide in both the dollar and benchmark yields.

Harita Nickel raises $672 million in Indonesia’s largest initial public offering in 2023.

The Ohio-based company is North America’s largest flat-rolled steel producer and controls a vast network of mines and shipping lanes on the Great Lakes carrying iron ore.

Both deals — if completed — would rank among the top 10 biggest takeovers of metals producers.