Producers of metals and other raw materials rose as U.S. dollar weakness generated record highs in metals prices.

Gold and copper futures rose to their highest closing levels in history, as anticipation of a Fed rate cut buoys prices in the dollar-denominated commodities. Silver futures, seen as a play on the dollar and electrification trends, surged 4.7% to an 11-year high.

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(END) Dow Jones Newswires

05-17-24 1750ET