Stock Market Update
05-Aug-25 14:00 ET
Gold gains 0.8% as Fed cut bets, geopolitical tensions fuel safe-haven demand
Dow +30.84
at 44204.48,
Nasdaq -42.16
at 21010.04,
S&P -9.15
at 6320.79
[BRIEFING.COM] The Nasdaq Composite (-0.20%) is in last place on Tuesday afternoon, down now about 40 points.
Gold futures settled $8.30 higher (+0.2%) at $3,434.70/oz, as strength still persists following last week's weaker U.S. jobs data which fueled expectations for a Fed rate cut as early as September. Geopolitical uncertainty and lingering trade tensions with India also added to safe-haven interest, though technical resistance near $3,450 capped further gains.
Meanwhile, the U.S. Dollar Index is narrowly higher at $98.76.
