Producers of metals, grains and other raw materials fell as an inflation-related rout in gold futures continued.
Gold fell 3.6% to $4108.20 an ounce, and is now down by 5% for the year to date, and more than 23% below its all-time highs. Gold had surged for much of 2025 and early 2026 because investors anticipated that the Fed would diverge from the path of most global central banks and cut rates, potentially eroding the value of the U.S. dollar. The effects of the Iran war on U.S. prices and effects of an artificial-intelligence boom on jobs and wages have caused futures markets to reverse themselves, now pricing in a rate hike this year instead of multiple rate cuts.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 10, 2026 17:00 ET (21:00 GMT)
