Producers of metals and different uncooked supplies rose because the Trump administration’s settlement to cooperate with the Biden administration’s transition plans was seen as eradicating one of many final main dangers to the economic-recovery image.
The formal starting of the transition additionally buoyed hopes for one more economic-stimulus invoice.
Copper futures examined a seven-year excessive, reflecting anticipation for accelerated financial exercise worldwide in 2021 as vaccines develop into obtainable and the world strikes on from the horrors of the Covid-19 pandemic.
Gold, a favourite secure haven when the pandemic outlook was at its most dire, misplaced $33.00 per troy ounce, or 1.8% to shut at $1804.80 an oz..
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(END) Dow Jones Newswires
November 24, 2020 16:23 ET (21:23 GMT)
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