Producers of metals and other raw materials slid as fears that Iran would launch a military strike on Israel caused a flight to safety.

The U.S. dollar rose sharply against peers in the latest United States Steel shareholders approved the sale of the storied company to Japan's Nippon Steel, in the midst of union opposition and ongoing regulatory reviews that are raising doubts about the $14.1 billion deal.

German steelmaker Thyssenkrupp Steel plans to cut jobs and scale back production capacity in response to challenging market conditions, with weak demand, high energy costs and rising competition from Asia hurting the business.

Gold futures, which investors often purchase during times of rising economic or geopolitical risk, closed at an all-time high above $2300 an ounce.

Write to Rob Curran at

(END) Dow Jones Newswires

04-12-24 1721ET