Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (+0.19%) is higher this afternoon, but more aggressive gains are had elsewhere among the major averages.

Gold futures settled $4.70 higher (+0.1%) at $3,325.70/oz, driven primarily by a weaker U.S. dollar and softening Treasury yields, both of which reduce the opportunity cost of holding non-yielding bullion. The market also remains sensitive to escalating trade tensions, notably the latest round of U.S. tariffs announced on copper and imports from several countries, an environment that tends to bolster safe-haven assets like gold. While traders seem to be experiencing "tariff fatigue," that sentiment may be temporarily offset by geopolitical jitters.

Meanwhile, the U.S. Dollar Index is now up +0.2% to $97.68.