Weekly Wrap-up: Volatile Week for Materials Sector Weekly Wrap-up: Volatile Week for Materials Sector

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This week, the S&P 500 Materials sector faced a roller-coaster ride, culminating in a -1.63% descent, leaving investors with furrowed brows. The Materials Select Sector SPDR Fund (XLB) didn’t fare much better, trailing behind at -1.52%.

Gold futures (XAUUSD:CUR) closed the week with a -0.9% dip, ending at $2,042.40 per ounce. This dip marked the first weekly setback in four weeks, triggered as the U.S. dollar and 10-year Treasury yields soared to their highest levels in three weeks.

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