Materials Up as Gold Hits Fresh Record -- Materials Roundup

Dow Jones

04-23

Producers of metals and other raw materials rose as gold futures hit more records.

Gold futures set a fresh record high, briefly topping $3500-an-ounce as concerns around the Federal Reserve's independence and the global economic outlook intensify, and the bull run looks set to continue.

Canadian gold-mining giant Barrick Gold entered a deal to sell its stake in an Alaskan gold project for as much as $1.1 billion to affiliates of billionaire John Paulson's Paulson Advisers and Novagold Resources, bolstering its balance sheet at a time when the precious metal is trading at a record high.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

April 22, 2025 17:14 ET (21:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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