Producers of metals and other raw materials fell as a surge in the value of gold paused and as mining giants gave mixed growth projections.
Gold futures retreated $11.10 per troy ounce, or 0.57%, to $1942, snapping a nine-session winning streak. The price of silver, which has also been on a tear, adding about 25% in July, sold off.
Anglo American, a precious and industrial metals miner with extensive South African operations, posted a significantly lower profit for the first half of the year as coronavirus-induced restrictions hit production.
Iron-mining giant Rio Tinto increased its midyear dividend payout despite a 20% fall in net profit, as it balanced high iron-ore prices against an uncertain outlook for the global economy. Iron-ore prices have risen steadily in recent months on supply concerns.
Write to Rob Curran at rob.curran@dowjones.com
