Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (+1.81%) is near HoDs, in first place among the major averages with about two hours to go on Monday.

Gold futures settled $26.60 higher (+0.8%) at $3,426.40/oz, extending last week's rally after weaker-than-expected July jobs data increased interest for a Federal Reserve rate cut in September. The softer labor print pulled Treasury yields lower and pressured the dollar, both of which supported gold. Risk sentiment was also dampened by growing uncertainty around U.S. tariff policy and the independence of government economic data, adding to the metal's safe-haven appeal.

Meanwhile, the U.S. Dollar Index is down -0.4% to $98.73.