Producers of metals and other raw materials rose amid hopes that the dangers of stagflation -- the combination of high inflation and low economic growth -- were abating.
Consumer and producer-price inflation data this week were softer than anticipated, cooling worries about inflation. On the growth front, a strong reading of consumer sentiment Friday stirred hopes that the Federal Reserve could engineer a "soft landing" for the economy.
Gold futures rose for the fourth straight week, the longest streak since December, as the dollar softened.
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(END) Dow Jones Newswires