Stock Market Update
15-Jul-25 14:00 ET
Gold falls as hot inflation data delays Fed cut hopes, lifts dollar
Dow -335.92
at 44123.73,
Nasdaq +135.97
at 20776.30,
S&P -3.67
at 6264.89
[BRIEFING.COM] With about two hours to go on Tuesday the tech-heavy Nasdaq Composite (+0.66%) is decently in front among the major averages, up 135 points.
Gold futures settled $22.40 lower (-0.7%) at $3,336.70/oz, as stronger-than-expected U.S. inflation data reinforced expectations that the Fed will delay rate cuts, boosting the dollar and pressuring the yellow metal. Traders also remained cautious ahead of Wednesday's PPI report and amid ongoing U.S. tariff threats, keeping gold under pressure despite its safe-haven appeal.
Meanwhile, the U.S. Dollar Index is now up +0.6% to $98.68.
