Producers of metals and other raw materials rose after weaker-than-anticipated wholesale inflation data.
The producer-price index rose 0.2% in December from November, well shy of the 0.4% forecast by economists.
That weighed on the U.S. dollar, dragging it down from the cusp of multidecade highs against a basket of rivals.
The weakening of the dollar solidified gains for gold futures, which closed at $2677.50 an ounce, within 4% of all-time highs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-14-25 1730ET
