Materials Gain as Dollar Slides - Materials Roundup

Producers of metals and other raw materials rose as the dollar slid against other currencies in the wake of mixed economic data.

The U.S. trade deficit widened slightly to $91.6 billion from $91.1 billion in the first month of the year, the Census Bureau said.

Dollar-sensitive gold futures rose to $1973 an ounce, testing the $2,000-per-ounce chartwatchers' milestone.

Soybean futures continued a recent rebound after hitting a one-year low last week.

Australian lithium miner Liontown Resources rejected a U.S. $3.68 billion takeover proposal from American chemicals concern Albemarle, saying it materially undervalues the company.

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(END) Dow Jones Newswires

03-28-23 1659ET