Materials stocks and commodities rise on growth hopes
Producers of metals and grains rose as traders bet the global economic recovery would continue despite recent inflation scares; rate-sensitive gold futures also recouped some losses as Treasury yields declined, while Anglo American warned it may have to close Brazilian nickel operations if EU authorities veto an up to $500 million sale to MMG.
Producers of metals, grains and other raw materials rose as traders wagered that the global economic recovery would continue despite recent inflation scares. Gold futures also recovered some of their recent losses as Treasury yields declined. Anglo American said it may have to close its Brazilian nickel operations if European Union authorities veto an up to $500 million sale to a unit of Australian miner MMG. October 09, 2026 17:23 ET (21:23 GMT)