Materials up After Fed's Williams Comments - Materials Roundup
Dow Jones10-14 05:05
Producers of metals, grains and other raw materials rose after Federal Reserve Bank of New York President John Williams hinted that he did not anticipate any rate hikes in 2027.
The U.S. dollar gave back some of its recent gains against other currencies. Recent dollar strength has weighed on gold futures, which closed at $4152.90 a troy ounce, 5% above their 2026 lows and 22% below their highs of the year.
Separately, Fed Bank of Boston President Susan Collins said the outlook for rate policy was data dependent.
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