Shares of commodities producers ticked up as the dollar weakened against other currencies because of doubts about the viability of tax-cut legislation. Real Industry and its aluminum recycling business Real Alloy Holding filed for bankruptcy protection. Chinese containerboard prices have fallen 19% in the last 2 weeks, and analysts at brokerage Deutsche Bank argue this marks an inflection point after a long runup, as new supplies look set to hit the market next year. Gold futures rose 1.4% to $1,296.50 a troy ounce on the New York Mercantile Exchange, as a weaker dollar drove the precious metal to its highest close in a month.
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(END) Dow Jones Newswires
November 17, 2017 16:20 ET (21:20 GMT)