Materials Up on Hopes for Iran Peace -- Materials Roundup

Dow Jones03-24

Producers of metals, grains and other raw materials rose amid relief at President Trump's efforts to bring the Iran war to a close.

Shares of beaten-down International Paper rose by more than 5%.

A rout in precious metals continued as traders braced for more rate hikes from global central banks. Silver futures fell for the ninth consecutive session, the longest losing streak since May 2022, losing 22% during that time. Similarly, gold futures have retreated by about 15% since their recent peak. Both gold and silver had surged in anticipation of looser monetary policy from the Federal Reserve and other major central banks this year.

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

(END) Dow Jones Newswires

March 23, 2026 17:03 ET (21:03 GMT)

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