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Materials Rise On Cyclical Bias -- Materials Roundup

07/26/2021 | 02:34pm EDT

Producers of metals and other raw materials rose as traders rotated back into economically cyclical sectors.

Iron-ore miner Rio Tinto rallied after analysts at brokerage Citi said it was likely to report a major boost from iron prices in its first-half earnings due Wednesday.

Shares of Canadian mining concern Copper Mountain Mining rose sharply after its earnings report topped investors' expectations.

Gold futures fell below $1,800 an ounce to finish at the lowest price in nearly three weeks, as the dollar continued to gain strength ahead of this week's meeting of Federal Reserve policy makers.

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

(END) Dow Jones Newswires

07-26-21 1634ET

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