Materials Shares Gain; Gold and Silver Slip — Materials Roundup

Producers of metals and other raw materials jumped as stocks reversed early declines.

Gold and silver prices settled slightly lower as Treasury yields climbed in the wake of stronger than expected U.S. September consumer price inflation data that supported further aggressive interest-rate hikes by the Federal Reserve.

A retreat in the U.S. dollar helped dollar-denominated prices for the precious metals pare back their early session losses.

Write to Amy Pessetto at amy.pessetto@dowjones.com

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