Producers of metals and other raw materials were lower amid concerns about the economic recovery.
Gold ended higher to recoup some of the recent losses that pulled prices to their lowest level in weeks, but the yellow metal posted a third-weekly loss after failing to find haven-related support despite a stock-market selloff. Analysts said gold found support Friday as a rebound by the U.S. dollar lost some steam.
Glencore on Friday cut full-year guidance for coal production by 4% due to strikes at the Cerrejon mine in Colombia.
"We maintain our 2020 full-year production guidance, except coal, which was adjusted for the extended strike at Cerrejon," Chief Executive Ivan Glasenberg said.
LyondellBasell Industries NV said profit fell sharply in the latest quarter as demand fell for plastics and jet fuel as a result of the pandemic, leading to a write-down of its Houston refinery.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
10-30-20 1728ET
