Materials Gain as Gold Futures Test Record Highs - Materials Roundup

Dow Jones

2024-10-02

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 17:15 ET (21:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Economic data was mixed, weighing on the U.S. dollar. \n\n\n  Construction spending fell in August as companies scaled back projects, awaiting a drop in interest rates. \n\n\n  A manufacturing survey was unchanged in the Septemeber edition, showing a modest slowdown in activity. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n  (END) Dow Jones Newswires\n\n\n  October 01, 2024 17:15 ET (21:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}