Producers of metals and other raw materials fell as weak economic data caused risk aversion and more gains for the U.S. dollar.

Import prices fell sharply in the latest tally.

Jobless claims and consumer-sentiment data pointed to slowing economic activity in the U.S. Gold futures rose 1.1% to $1,343.4 a troy ounce, leaving the precious metal on course for its first overall weekly gain in four weeks.

Precious-metals have waxed and waned based on the outlook for Fed rate cuts, which have become more likely due to the weakening economic data.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

06-14-24 1724ET