Producers of metals and other raw materials fell as the dollar advanced against peers.
Gold futures rose, closing within 2.5% of all-time highs after President Trump threatened blanket tariffs of 35% on an array of Canadian imports, the latest escalation in a clash between Trump and Prime Minster Mark Carney.
Volatile tariff negotiations cut both ways, however. The U.S. and India were close to a trade deal that could leave tariffs on Indian goods below the 20% rate that most major exporters to America are set to pay, Bloomberg News reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-11-25 1730ET
