Producers of metals and other raw materials rose as traders bet rate cuts would come in time to avert a major slowdown in global economic activity.

Charles Evans, the former Chicago Fed president, said he thinks it is possible that the U.S. central bank could cut interest rates in September.

Gold futures continued their recent retreat, but remain with 5% of all-time highs around $2500 an ounce.

Write to Rob Curran at

(END) Dow Jones Newswires

06-17-24 1700ET