Materials Up as Dollar Weakens — Materials Roundup
Provided by
Dow Jones
Producers of metals and other raw materials rose as the U.S. dollar lost value in anticipation of the Federal Reserve's likely, long-awaited pivot to an accommodative policy.
Gold futures, which are particularly sensitive to foreign-exchange movements, rose 1.2% to a new record of $2,581.30 an ounce.
U.S. Steel rallied after reports that President Biden had no immediate plans to block its acquisition by Japanese rival Nippon Steel, despite expressing skepticism.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 13, 2024 17:35 ET (21:35 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States