Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

Materials Shares Fall as U.S. Dollar Soars -- Materials Roundup

09/23/2022 | 04:43pm EST

Producers of metals and other raw materials sank.

Gold futures settled at their lowest price since April 2020, under pressure as the U.S. dollar soared versus major rivals and short-term bond yields jumped amid fears aggressive monetary tightening by central banks could spark a global recession.

In corporate news, Oz Minerals, the target of a recent takeover bid from BHP Group, said its board has approved the 1.7 billion Australian dollar (US$1.1 billion) West Musgrave copper-nickel project in Western Australia.

Meanwhile, a federal judge ruled U.S. Sugar can proceed with its planned purchase of rival Imperial Sugar, rejecting a Justice Department antitrust challenge to the deal.

The Justice Department, which sued last November to challenge the merger, argued the deal would lead to higher prices for consumers in key parts of the country.


Write to Amy Pessetto at amy.pessetto@dowjones.com

(END) Dow Jones Newswires

09-23-22 1642ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) 0.01% 0.90815 Delayed Quote.-1.81%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.01% 92.738 Delayed Quote.11.93%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) -0.07% 1.07785 Delayed Quote.1.75%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.04% 0.6369 Delayed Quote.-3.95%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.04% 0.66877 Delayed Quote.-7.56%
BHP GROUP LIMITED 1.72% 45.56 Delayed Quote.33.75%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.12% 1.78911 Delayed Quote.-3.63%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) 0.12% 1.54601 Delayed Quote.-1.33%
GOLD 0.06% 1750.48 Delayed Quote.-4.28%
OZ MINERALS LIMITED 0.11% 27.37 Delayed Quote.-3.26%
Latest news "Economy"
05:58pTwitter blue verified set to launch on Apple's iOS app - Information
RE
05:58pTwitter not safer under Elon Musk, says former head of trust and safety -conference
RE
05:53pDisney warns restructuring could result in impairment charges
RE
05:42pTwitter Blue Verified Scheduled To Roll Out On Friday But Only On Apple'S IOS Mobile Software - The Information
RE
05:42pTwitter blue verified is scheduled to roll out on friday but onl…
RE
05:42pThe WSJ Dollar Index Falls 0.09% to 99.34 -- Data Talk
DJ
05:42pEuro Lost 0.09% to $1.0331 -- Data Talk
DJ
05:42pSterling Lost 0.08% to $1.1951 -- Data Talk
DJ
05:42pDollar Lost 0.16% to 138.71 Yen -- Data Talk
DJ
05:39pU.S. senators introduce bill to expand E15 gasoline sales, with support from oil group
RE
Latest news "Economy"