Basic Materials Roundup: Market Talk

Latest market talks covering key material. It will be published exclusively on Dow Jones News at 4:20 ET, 12:20 ET and 16:50 ET.

0353 ET – Gold stocks were hit by a broad market sell-off in the opening session with gold futures falling. Weak expectations that the US Federal Reserve will cut interest rates sent New York futures down 1.3% at $4,021.30 an ounce. High interest rates affect non-yielding assets such as gold. In London, gold and silver mining company Fresnillo fell 5.3%, Hochschild Mining fell 3.7%, and Endeavor Mining fell 2.5%. In Johannesburg, Gold Fields and Sibanye-Stillwater were both down nearly 6%, while Harmony Gold was down 4%. (adam.whittaker@wsj.com)