Materials Gain as Gold Futures Test Record Highs - Materials Roundup
Producers of metals and other raw materials rose as Middle East conflict pushed gold futures close towards record highs.
Gold futures rose 1.2% to $2667.30 per troy ounce, the second highest close on record. Economic data was mixed, weighing on the U.S. dollar.
Construction spending fell in August as companies scaled back projects, awaiting a drop in interest rates.
A manufacturing survey was unchanged in the Septemeber edition, showing a modest slowdown in activity.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 01, 2024 17:30 ET (21:30 GMT)
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