Producers of metals and other raw materials fell as the dollar advanced against rivals.
Gold futures, which are particularly sensitive to moves in the dollar, fell by 1% to $2158.10 an ounce, retreating from record highs as traders digested the Swiss National Bank's rate cut -- the first among global central banks.
The U.S. dollar could continue gaining ground if the Federal Reserve lags behind other central banks with its planned rate cuts.
Shares of Newmont slipped and are down significantly for the last 12 months, even as the gold miner has realized higher prices on metals sales.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-22-24 1755ET
