Materials Up as Gold Hits Record — Materials Roundup
Provided by
Dow Jones
Producers of metals and other raw materials rose as gold futures closed at an all-time highs.
The U.S. dollar ticked up against rivals but remained close to multiyear lows against rival currencies, giving a boost to the precious metal.
Gold futures closed at $2517.70 an ounce, the highest level on record, in New York. Shares of Gold Fields slipped after the South African gold miner cut its full-year production target for a second time due to operational issues.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 26, 2024 18:07 ET (22:07 GMT)
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