Producers of metals and other raw materials were more or less flat as traders hedged bets on global central bank policy.
It's possible that the Swiss National Bank, the European Central Bank and other major central banks will cut rates sooner than the Federal Reserve, which would affect the relative value of the dollar, and hence global commodity prices.
Gold futures rose $16.70 per troy ounce, or 0.8% to $2174.80, closing just shy of all-time highs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-25-24 1709ET
