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Materials Drop On Vaccine Timing Concerns -- Materials Roundup

12/03/2020 | 04:32pm EST

Producers of metals and other raw materials ticked down amid worries about the timing of vaccine distribution.

Some dollar-denominated commodities gained in value, however, as the greenback continued a losing streak against other major currencies.

The materials sector has been among the major beneficiaries of dollar weakness and a rotation into "value" sectors.

Gold futures rose for a third straight session, closing at a roughly two-week high of $1836 an ounce.

Copper futures ticked up to a new seven-year high after strong Chinese services-sector data.

Wheat futures fell as signs of ample supply overwhelmed hopes of increased Chinese imports.

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

(END) Dow Jones Newswires

12-03-20 1631ET

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.15% 1854.028 Delayed Quote.-2.27%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -3.97% 634.5 End-of-day quote.-0.94%
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