Gold holds steady before results of coin-toss US election
Bullion was near $2,743 an ounce in early Asian trading as the battle for the White House reached its endgame.
Esmark, a privately held company, said on Monday it had made an offer to buy US Steel Corp for $35 per share, or an equity value of $7.8 billion.
On Sunday, US Steel launched a formal review of strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs.
The unsolicited cash-and-stock offer from Ohio-based Cleveland-Cliffs valued US Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday.
(By Ananta Agarwal and Ananya Mariam Rajesh; Editing by Shounak Dasgupta)
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