Copper at $5.88 sets up a busy week for basic materials stocks as jobs, CPI loom

Basic materials shares in the U.S. climbed on Friday. The S&P 500 materials sector index closed up 1.77% at 645.93, leaving the group 12.45% higher year-to-date.

Gold breaks $5,300 as dollar hits 4-year low; mining stocks jump ahead of Fed call

Gold breaks $5,300 as dollar hits 4-year low; mining stocks jump ahead of Fed call

Gold broke through $5,300 for the first time on Wednesday as the dollar slid to near four-year lows after President Donald Trump called its value “great” and said he would soon name his pick to head the Federal Reserve. Spot gold rose 2.3% to $5,305.65 an ounce by 0832 GMT, after a record $5,311.31; U.S. February futures climbed 4.3% to $5,301.90. OANDA’s Kelvin Wong pointed to a “very strong” inverse link to the dollar, while Tastylive’s Ilya Spivak said markets were “getting defensive” ahead of Chair Jerome Powell, with the Fed expected to hold rates steady.
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