Producers of metals and other raw materials rose sharply as the dollar gave back some of its gains in the wake of action from the British central bank.
The British pound sterling rallied after the Bank of England said it would buy gilt bonds at whatever level necessary to stabilize markets.
Gold futures, which are particularly sensitive to moves in the dollar, rose by 2.1% for their biggest gain since March. A crash in sterling earlier this week had sent global markets reeling, amid fears of a full.
Miner Anglo American started commercial copper operations at its Quellaveco project in Peru.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-28-22 1633ET
