Stock Market Update
22-Jul-25 14:00 ET
Gold tops $3,440 as dollar slips, yields fall, and trade tensions stir safe-haven demand
Dow +97.91
at 44420.98,
Nasdaq -82.38
at 20890.42,
S&P -0.56
at 6305.04
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.39%) is today's worst-performing major average, down about 82 points.
Gold futures settled $37.30 higher (+1.1%) at $3,443.70/oz, reaching their strongest levels since mid-June. The move was driven largely by a weaker U.S. dollar and falling Treasury yields, making non-yielding gold more attractive. Additionally, investors sought safety amid growing trade tensions, particularly the looming U.S. tariff deadline on August 1 and the possibility of EU retaliatory measures, which increased safe-haven demand.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $97.41
