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Materials Down As Dollar Hits 52-Week High — Materials Roundup

Mount Equity Group Tokyo, Japan > News > Markets > Materials Down As Dollar Hits 52-Week High — Materials Roundup

Producers of metals and other raw materials ticked down after the dollar added to recent gains.

The dollar hit its highest level in more than a year against a basket of other currencies, weighing on gold and copper futures. Freeport McMoRan, which mines both commodities, fell by about 3%.

Gold futures fell 0.7% to $1853 an ounce, their biggest loss in almost two weeks.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 16, 2021 16:47 ET (21:47 GMT)

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