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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.