CGAU - Material gains 13.7% in H1 lags S&P 500 gains

Materials stocks gained 13.7% in the first half of 2021, lagging SPDR S&P 500 Trust ETF gain of 14.4%. Materials Select Sector SPDR ETF (XLB) ranked #6 among the 11 S&P sectors in terms of year-to-date performance.Lumber futures had a volatile past six months, with the building commodity down over 18% in 2021. Lumber prices hit an all-time high in the month of May, due to a shortage in supply and increase in demand. However, the upward trend was reversed in June, when prices started to fall as the supply increased and the demand eased. Lumber futures fell more than 40% in June alone and are on track for the first negative first half since 2015.In June, gold registered its biggest monthly decline since November 2016, with prices falling over 7.2% in the month alone. On June 29, gold futures settled -1% to $1,763.60/oz. after declining as much as 1.7% to

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Material gains 13.7% in H1, lags S&P 500 gains