A surge in oil spurred by the escalating Iran war sent stocks and bonds lower, with Wall Street also rattled by renewed concerns over whether massive artificial-intelligence investments will pay off.
Gold fell as escalating conflict in the Middle East continued to push up energy prices, fueling bets the Federal Reserve will tighten monetary policy to contain inflation.
Canadian miner Teck Resources Ltd. reported a tripling of second-quarter earnings on higher copper prices, while reaffirming output guidance, including at its flagship Quebrada Blanca mine in Chile.
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