Stock Market Update
09-Jul-26 14:00 ET
Gold Climbs 1.4% on Safe-Haven Demand as Dollar Weakens
Dow +197.74
at 52546.13,
Nasdaq +315.23
at 26206.88,
S&P +62.10
at 7544.81
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.22%) leads trading among the major averages on Thursday afternoon, up about 315 points.
Gold futures settled $58.40 higher (+1.4%) at $4,140.80/oz, as investors returned to the safe-haven metal amid renewed geopolitical tensions in the Middle East and a weaker U.S. dollar following Wednesday's sharp pullback. Gains were limited after the Federal Reserve's June meeting minutes reinforced expectations that interest rates could remain higher for longer, reducing the appeal of non-yielding assets such as gold.
Meanwhile, the U.S. Dollar Index is now -0.2% lower to $100.88.
