Materials Stocks Rise, Lagging the Broader Market as Dollar Climbs

Commodity producers gained, though less than the wider market, as the U.S. dollar extended its rally. The dollar index reached its highest level in more than a year amid expectations of a December Federal Reserve rate increase, pressuring dollar-sensitive precious metals.

Today, 01:33· Money Talk· 331 reads

Materials Stocks Rise, Lagging the Broader Market as Dollar Climbs

Gold futures fell below $4,000 an ounce, a psychologically significant threshold, as the stronger dollar weighed on the metal.

Separately, British antitrust regulators indicated that the proposed $25 billion merger between paint makers AkzoNobel and Axalta Coating Systems could face an in-depth investigation unless the companies address competition concerns.

Materials Stocks Rise, Lagging the Broader Market as Dollar Climbs

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