Gold futures led the decline among precious metals, pulling back as the rising dollar dampened demand for non-yielding assets. Despite the wider market slump, copper futures proved resilient, ticking upward in late trading. The industrial metal remains roughly 3% below its record peak, supported by persistent investor optimism surrounding the artificial-intelligence boom and its projected long-term demand for electrical infrastructure.
Raw Materials Slide as Greenback Hits Multiyear Peak
The U.S. dollar tested multiyear highs this week, triggering a broad retreat across the commodities sector. As the greenback strengthened, producers of metals and grains faced immediate downward pressure, forcing investors to recalibrate their positions in dollar-denominated assets that have struggled to maintain momentum against the surging currency.
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