Materials producers fall as US dollar strengthens on energy shock fears

7 articles · Updated · MarketWatch · Apr 28

Gold futures dropped 1.8% to $4,591.50 an ounce and silver fell 2.4% to $73.21, while wheat futures rose 4.5% to $6.58 a bushel.
The dollar's rise follows concerns about a prolonged energy shock, with the US unlikely to accept Iran's terms for reopening the Strait of Hormuz, raising prospects of a Federal Reserve rate hike.
Barrick Mining plans a New York IPO of its North American gold assets, Cleveland Cliffs settled a waste case in Ohio, and Corning shares fell on weaker-than-expected AI-related demand.

Why is wheat surging while precious metals are plummeting in the same crisis?

Is gold's recent crash a warning sign or a major buying opportunity?

Can Barrick's gold spin-off succeed while the metal's price is in freefall?

Beyond the pump, how will the Hormuz crisis impact global food prices?

With inflation soaring, can the Federal Reserve afford to ignore the energy shock?

Which nations will win and which will lose in the new global energy landscape?