<div id="readability-page-1"><div><p>Producers of metals and other raw materials rose as the U.S. dollar lost ground against rivals following a rate cut.</p><p>    The Federal Reserve cut its benchmark interest rates to a range between 3.5% and 3.75%, while hinting that a pause in rate-cutting could be nigh. Rates are &#34;within a broad range of estimates of neutral,&#34; said Powell. </p><p>    The central banker did not rule out more rate cuts in January, however, noting that the Fed would keep a close eye on a trove of data due out in the coming weeks following a hiatus in the government shutdown. </p><p>    &#34;The key driver today was the Fed effectively ruling out the possibility of a rate hike,&#34; said Oliver Pursche, senior vice president at financial advisory Wealthspire. &#34;Secondly, they lowered rates today not because they saw a tremendous weakening of the economy and risk of a significant slowdown but rather because inflation continues to come down and so they're able to move to neutral.&#34; </p><p>    Silver futures continued their torrid run, gaining 0.4% to $60.38 a troy ounce, another record high. </p><p>   Write to Rob Curran at rob.curran@dowjones.com </p><p>    (END) Dow Jones Newswires</p><p>12-10-25 1708ET</p></div></div>

<p>Producers of metals and other raw materials rose as the U.S. dollar weakened following a Federal Reserve rate cut to 3.5%-3.75%. The Fed hinted at a pause in rate cuts but did not rule out more cuts in January. Silver futures hit a record high, gaining 0.4% to $60.38 per troy ounce.</p>

Materials Up as U.S. Dollar Slides - Materials Roundup