PRM - Materials Sector Weekly Round-up: Gevo tops list; Gold Fields Danimer among losers

The S&P Materials sector closed this trading week in green with a marginal gain of 0.30%. The Materials Select Sector SPDR (XLB) was also up +0.66%. Lumber futures fell to seven-month lows this week, in a stark reversal from all-time highs set last year during the COVID-fueled homebuilding boom. Chicago lumber futures (LB1:COM) for July delivery slipped 7.5% to $604.50 per 1,000 board feet on Wednesday. Prices settled at $616.60 per 1,000 board feet by Friday, down 12% for the week. Gold prices moved notably higher on Thursday, with Comex gold (XAUUSD:CUR) for August delivery closing +1.2% at $1,871.40/oz, the highest close since May 6. The precious metal benefitted from a decline in the value of the U.S. dollar. Prices settled at $1,850.49/oz on Friday, down -0.13% for the week. Comex copper (HG1:COM) also climbed during Thursday's trading, +5.2% to $4.556/lb. China's new stimulus package to revive economy and a

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Materials Sector Weekly Round-up: Gevo tops list; Gold Fields, Danimer among losers