Stock Market Update
15-Aug-25 14:00 ET
Gold ends flat but logs 3% weekly drop on strong U.S. data, rate-cut doubts
Dow +163.76
at 45075.02,
Nasdaq -47.64
at 21661.64,
S&P -4.12
at 6464.42
[BRIEFING.COM] The Nasdaq Composite (-0.22%) is today's worst-performing average, down about 48 points.
Gold futures settled less than $1 lower (flat) at $3,382.60/oz, down -3.1% on the week; the decline followed stronger-than-expected U.S. producer price data and lower jobless claims, which lifted Treasury yields and the dollar, reducing gold's appeal as a non-yielding asset. The data also cooled expectations for a large Federal Reserve rate cut next month.
Meanwhile, the U.S. Dollar Index is down about -0.4% to $97.85.
