Producers of metals and other raw materials fell as investors recalibrated bets on the likelihood of inflation and interest rates peaking in the short term.
The minutes from the Federal Reserve's latest meeting indicated the central bank was still in inflation-fighting mode, even as some officials acknowledged that the Fed would have to slow rate increases at some stage.
Gold futures fell to a two-week low, incurring their third straight decline, as the dollar hovered near multiyear highs against rivals.
The U.S. Agency for International Development is spending more than $68 million to purchase and ship Ukrainian grain in the largest such export deal since Russia's invasion.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-17-22 1644ET
