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)

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