Materials Decline as Dollar Holds Strong - Materials Roundup
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Dow Jones
Producers of metals and other raw materials slipped as the U.S. dollar remained strong against rivals.
The U.S. dollar is within 2% of multiyear highs against a basket of rivals as rival central banks including the Bank of England and the Swiss National Bank, both of whom are meeting later this week, pivot to rate cuts before the Federal Reserve.
Gold futures rose 0.8% to $2,330.40 an ounce.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 18, 2024 17:12 ET (21:12 GMT)
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