Stock Market Update
12-Aug-26 14:00 ET
Gold Rises as Softer Inflation, Iran Tensions Lift Safe-Haven Demand
Dow +20.58
at 53812.43,
Nasdaq +152.99
at 26619.46,
S&P +22.93
at 7751.13
[BRIEFING.COM] The Nasdaq Composite (+0.58%) is in first place on Wednesday afternoon, up about 153 points.
Gold futures settled $28.40 higher (+0.6%) at $4,469.50/oz, as softer-than-expected July inflation data reduces expectations for a September Fed rate hike, weighing on the dollar and boosting demand for gold. Ongoing U.S./Iran tensions and renewed ETF inflows are also supporting the metal as it approaches $4,500/oz.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $100.01.
