Materials Up as Gold Rally Resumes - Materials Roundup

Producers of metals, grains and other raw materials rose as a precious-metals rally looked set to resume.

Gold futures rose 2% to $5,022 a troy ounce, registering a weekly gain for the eighth time in the last 10 weeks.

The Trump administration's Project Vault initiative to stockpile critical minerals could exacerbate the price effects of years of underinvestment in new mines worldwide, said strategists at brokerage Jefferies.

The metals likely to be stockpiled in this program "probably represents c.1-3% of global supply, and so is unlikely to hugely to be disruptive from this perspective alone," said the Jefferies strategists.

"However...coupled with the continued stockpiling from China and now that of the U.S., this probably only adds to the aforementioned inflationary pressures."

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(END) Dow Jones Newswires

02-13-26 1738ET