Materials Up on Greater Risk Tolerance -- Materials Roundup

FeaturesDow Jones Newswires

Shares of miners and other commodities producers rose as traders jumped into riskier areas of the market, emboldened by signs that both houses of Congress were close to passing a Republican tax-cut bill. Gold futures rose amid a sense of relief that the Federal Reserve's rate hike plans for 2018 were not more aggressive. "Gold had already priced in the Fed rate increase in the last month and there was an element of 'sell the Fed rumour' and 'buy the Fed news,'" said Mark O'Byrne, research director at GoldCore, as reported earlier.

-Rob Curran, rob.curran@dowjones.com

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(END) Dow Jones Newswires

December 15, 2017 16:46 ET (21:46 GMT)