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Materials Up as Stagflation Concerns Abate -- Materials Roundup

08/12/2022 | 04:30pm EDT

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.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

08-12-22 1629ET

Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / US DOLLAR (GBP/USD) -0.36% 1.06843 Delayed Quote.-20.44%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.51% 0.7246 Delayed Quote.0.00%
EURO / US DOLLAR (EUR/USD) -0.42% 0.95556 Delayed Quote.-15.60%
GOLD -0.55% 1619.62 Delayed Quote.-11.01%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.22% 0.012212 Delayed Quote.-8.75%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.61% 0.55929 Delayed Quote.-17.14%
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