Producers of metals, grains and other raw materials fell as traders awaited confirmation of a peace deal between the U.S. and Iran.
Materials stocks fell on May 29 as markets awaited confirmation of a U.S.-Iran peace deal, while gold futures gained 1.4% but closed May with a third consecutive monthly loss, down 13% over the period. For portfolio and procurement managers, the Iran deal signal is a potential supply-side inflection point: confirmation could ease oil and commodity pressure, reshaping input cost assumptions for Q3 planning.
Producers of metals, grains and other raw materials fell as traders awaited confirmation of a peace deal between the U.S. and Iran.
Gold futures rose 1.4%, recouping some recent losses but still finished May with the third consecutive monthly loss, losing 13% over that period.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 29, 2026 17:33 ET (21:33 GMT)
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