Materials Shares Fall on Concerns for Global Recovery -- Materials Roundup
|10/26/2020 | 04:01pm|
Producers of metals and other raw materials tumbled amid concerns about the global economic recovery as coronavirus cases surged in America and Europe.
Gold futures ended higher on Monday to eke out their fifth gain in six sessions, finding support as global equities fell. A stronger U.S. currency served to limit gains for the dollar-denominated yellow metal.
Prices for copper eased back after tapping their highest finish in over two years last week, while silver also fell.
Robert E. Murray, who used an aggressive acquisition strategy to build Murray Energy into a coal-mining giant even as falling prices drove rivals out of business, died Sunday at his home in St. Clairsville, Ohio, his lawyer, Michael Shaheen, said. He was 80 years old and had recently applied for benefits from a federal government fund that helps provide medical treatment to coal miners disabled by black lung disease, Mr. Shaheen said.
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(END) Dow Jones Newswires