Producers of metals and other raw materials rose as the U.S. dollar lost value in anticipation of the Federal Reserve's likely, long-awaited pivot to an accommodative policy.
Gold futures, which are particularly sensitive to foreign-exchange movements, rose 1.2% to a new record of $2,581.30 an ounce.
U.S. Steel rallied after reports that President Biden had no immediate plans to block its acquisition by Japanese rival Nippon Steel, despite expressing skepticism.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-13-24 1735ET
