Materials Up, Recouping Some Losses on Iran Hopes -- Materials Roundup

Producers of metals, grains and other raw materials rose, recouping some recent losses amid hopes for a diplomatic breakthrough in Iran.

Gold futures fell for the fifth straight session, the longest losing streak for the precious metal since 2024. A surge in the relative value of the U.S. dollar associated with heightened inflation and interest-rate expectations has effectively wiped out gold and silver's historic rise earlier in the year.

Meat packer Smithfield Foods reported higher fourth-quarter sales boosted by growth in its packaged meats segment.

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(END) Dow Jones Newswires

03-24-26 1744ET