Producers of metals and other raw materials rose as the U.S. dollar retreated against rivals.

Gold futures hit a fresh record above $2700 an ounce as geopolitical tensions simmered, and as investors awaited more rate cuts.

Calibre Mining shares fell sharply after the precious-metals miner third-quarter gold production shy of expectations. Miner Rio Tinto added to gains, amid optimism about its Australian iron-ore production.

Activist investor Jana Partners has built a stake of roughly 5% in Lamb Weston and plans to push the struggling french-fry maker to explore a sale.


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

(END) Dow Jones Newswires

10-18-24 1722ET