Producers of metals and other raw materials rose after a muted reading of inflation weighed on the dollar.
The dollar has gained for months in tandem with inflation expectations, weighing on commodity prices and materials stocks.
The ICE U.S. Dollar index fell by more than 1%, and closed below its 200-day moving average for the first time since 2021.
Gold futures posted their largest one-day gain in more than two years to settle above $1,800 an ounce for the first time in nearly four months.
Timberland management firm Manulife Investment Management said it's aiming to raise a $500 million fund with cash from its parent company, Toronto insurance and financial-services firm Manulife Financial, and other institutional investors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-01-22 1703ET
