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Materials Down Amid Stimulus Doubts -- Materials Roundup

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10/01/2020 | 04:56pm EDT

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.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

10-01-20 1655ET


Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.04% 1921.02 Delayed Quote.25.43%
SILVER -0.12% 24.948 Delayed Quote.36.97%
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