Producers of metals and other raw materials ended lower on a pullback in gold prices as inflation data met expectations.
The Federal Reserve's preferred inflation gauge met forecasts in May, keeping alive expectations that interest rates could fall faster than policy makers forecast.
Gold futures did rise 4.8% in the second quarter as expectations for multiple rate cuts this year were cut back dramatically as inflation remained high and the economy performed better than expected.
Write to Patrick Sullivan at patrick.sullivan@wsj.com
(END) Dow Jones Newswires
06-28-24 1745ET
