Stock Market Update
01-Aug-25 14:00 ET
Gold up 1.5% to $3,399.80 as dollar weakens, Fed outlook and trade tensions fuel safe-haven demand
Dow -613.70
at 43517.28,
Nasdaq -501.00
at 20620.07,
S&P -109.99
at 6229.40
[BRIEFING.COM] With about two hours to go on Friday the tech-heavy Nasdaq Composite (-2.37%) is in last place on losses north of 500 points.
Gold futures settled $51.20 higher (+1.5%) at $3,399.80/oz, up more than +1.9% on the week; the move was supported by a weaker U.S. dollar, falling Treasury yields, and renewed demand for safe-haven assets as investors reassessed the Fed's policy path. Fresh U.S. tariffs on several countries fueled trade uncertainty, adding to gold's appeal. Tensions with the EU and Canada further dampened risk sentiment, while expectations for delayed rate cuts helped reinforce gold's strength despite muted inflation data.
Meanwhile, the U.S. Dollar Index is now down -0.9% to $99.13.
