Producers of metals, grains and other raw materials fell alongside precious metals futures.
Precious metals are sensitive to interest-rate expectations, which are, in turn, influenced by events in the Persian Gulf.
Gold futures fell 2.4% to $4519.50 an ounce, and are now down 15% from January highs. Silver futures fell 3.8% to $73.07 an ounce, paring gains for the year to date to around 4%.
Shares of chemicals and specialty materials maker DuPont fell ahead of its earnings report.
German steelmaker Thyssenkrupp said it agreed with India’s Jindal Steel International to halt talks on a potential deal for a stake in the German industrial conglomerate’s steel unit, citing recent changes in the business and the regulatory environment.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 04, 2026 17:09 ET (21:09 GMT)
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