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Basic Materials Roundup: Gold Futures, Evonik, Glencore

Wall Street Journal Markets •
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The latest Market Talks covering Basic Materials, published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1411 ET – Gold futures snap a four-session losing streak as the U.S. dollar pulls back following four straight sessions of gains. Front-month gold gains 0.5% in New York to $4,286.20 a troy ounce, for a weekly loss of 2.3%. Silver rises 1.2% to $64.245 a troy ounce, ending the week down 3.5%.

“Looking ahead, further softness in oil, the dollar and yields could support bullion, while stronger data and hawkish Fed guidance remain headwinds,” Kaynat Chainwala of Kotak Neo says in a note. ([email protected])

Find insight on gold futures, Evonik, Glencore and more in the latest Market Talks covering Basic Materials.