Materials Up, But not by Much, as Dollar Rally Goes On - Materials Roundup
Producers of metals, grains and other raw materials rose, but not by as much as the broad market, as the U.S. dollar continued its spike.
The U.S. Dollar index, which tracks the greenback against a basket of rivals, rose to the highest level in more than a year amid anticipation of a December Federal Reserve rate hike. That weighed on dollar-sensitive precious metals. Gold futures fell below the psychologically significant $4,000-per-ounce level.
British antitrust regulators signaled that the proposed $25 billion merger of paint makers AkzoNobel and Axalta Coating Systems faces an in-depth investigation unless competition concerns are addressed.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
November 11, 2026 17:42 ET (22:42 GMT)
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