Materials Drop As Rise In Treasury Yields Dings Gold -- Materials Roundup

Producers of metals and other raw materials fell as a spike in Treasury yields caused a wave of volatility.

Gold futures fell to nine-month lows as investors sought out other hedges against inflation and dollar weakness, including digital currencies. Gold futures dropped to $1715 an ounce, the lowest since June 10.

Centrist Senate Democrats were expected to secure a modest change to the $1.9 trillion relief package Wednesday, tightening eligibility for some of the direct payments that will be sent out to many Americans, according to people familiar with the change.

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(END) Dow Jones Newswires

03-03-21 1641ET