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Materials Down on Flight From Risk -- Materials Roundup

08/19/2022 | 04:53pm EDT

Producers of metals and other raw materials fell sharply, as traders rotated out of high-risk sectors ahead of the Jackson Hole, Wyo., central-banker conference.

Metals prices slipped as the dollar crept up towards multiyear highs in anticipation of hawkish rhetoric from Federal Reserve Chairman Jerome Powell.

Australian gold miner Newcrest Mining rose after it forecast growth ahead of some investors' expectations.

Copper futures finished more or less flat for the week, as traders assessed the risk of a global recession.


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

(END) Dow Jones Newswires

08-19-22 1652ET

Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.116 Delayed Quote.-17.43%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.7227 Delayed Quote.-7.61%
EURO / US DOLLAR (EUR/USD) 0.01% 0.9801 Delayed Quote.-13.80%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.04% 0.01227 Delayed Quote.-8.60%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.5594 Delayed Quote.-16.03%
NEWCREST MINING LIMITED 2.67% 16.92 Delayed Quote.-30.88%
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