Materials Stocks Rise, Lagging the Broader Market as Dollar Climbs
Commodity producers gained, though less than the wider market, as the U.S. dollar extended its rally. The dollar index reached its highest level in more than a year amid expectations of a December Federal Reserve rate increase, pressuring dollar-sensitive precious metals.
November 12, 2026, 01:33 AM 788 0
Gold futures fell below $4,000 an ounce, a psychologically significant threshold, as the stronger dollar weighed on the metal.
Separately, British antitrust regulators indicated that the proposed $25 billion merger between paint makers AkzoNobel and Axalta Coating Systems could face an in-depth investigation unless the companies address competition concerns.
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