Producers of metals and other raw materials rose amid relief that Iran's response to the U.S. attack was somewhat restrained, and amid hopes for a rate cut.
The U.S. dollar rose against rivals, weighing on some dollar-denominated commodities. Gold futures, which often lure safe-haven seeking investors during times of war, inched up, hovering within 2% of all-time highs, above $3300 an ounce.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Monday she would support cutting interest rates as soon as July if inflation pressures continue to ease or if signs of labor market weakness intensify.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-23-25 1736ET
