Materials Slip, Even as Gold Hits Record, Ahead of Fed Meeting -- Materials Roundup

Dow Jones

Sep 16

Producers of metals and other raw materials gave back some of their recent gains amid anxiety ahead of the Federal Reserve meeting.

"Virtually every word will be parsed from the press release, from Powell's statement at the press conference, and from any questions and answers as far as any glimpse into what to expect next," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

Gold futures rose 0.9% to $3,682.20 a troy ounce, a new record high.

Copper jumped to its highest level in nearly 15 months, with futures on the London Metal Exchange up 1% to $10,164 a metric ton as traders gear up for the Federal Reserve's policy decision.

Zijin Gold International, the gold-mining arm of China's biggest miner, is readying a public offering that could value it at about $40 billion at the top end of some estimates.

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

(END) Dow Jones Newswires

September 15, 2025 17:44 ET (21:44 GMT)

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