Producers of metals and other raw materials fell amid doubts about the prospects of a second stimulus package.
House Speaker Nancy Pelosi announced plans to move forward on a vote on a Democratic coronavirus-aid bill as prospects for a bipartisan agreement with the Trump administration remained dim. "We're still far apart," said Ms. Pelosi, the Democratic House leader. Treasury Secretary Steven Mnuchin and Ms. Pelosi have made a late push with near-daily calls and meetings in an attempt to reach a deal to bring aid to people and businesses facing economic impacts from the coronavirus pandemic.
A spokeswoman for the White House said the Trump administration doesn't consider Ms. Pelosi's compromise a "serious offer," citing differences on immigration provisions.
Gold futures hit a two-week high above $1900-an-ounce amid trepidation about the stimulus negotiations and September jobs data, due to hit the tape Friday. Silver futures, which have been particularly volatile this year, rose by more than 3% to bring gains for the year to date to more than 35%, even as it remains 17% from August highs.
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(END) Dow Jones Newswires