Producers of metals and other raw materials rose as a rally in precious metals continued.
Investors have piled into gold and silver given a retreat in the U.S. dollar based on recalculation of the likely path of interest rates.
Gold futures reached a new all-time peak, trading as high as $2454.20 an ounce, as Chinese investors flocked to safe havens due to weakness in the property market and fears about the outlook for Chinese stocks and bonds.
China hinted at potential retaliation in response to the European Union's investigations into Chinese companies, and launched a probe into chemical imports.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-20-24 1723ET
