Stock Market Update
11-Jul-25 13:55 ET
Gold jumps 1.1% to $3,364 on tariff jitters, even as dollar strength, jobs data temper rate-cut bets
Dow -261.46
at 44004.50,
Nasdaq +4.26
at 20634.92,
S&P -14.20
at 6231.86
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.02%) has returned to positive territory over the last half hour.
Gold futures settled $38.30 higher (+1.1%) at $3,364/oz, up then about +0.6% on the week; the advance was driven by escalating trade-war sentiment after President Trump unveiled new tariffs, 35% on Canadian imports, widespread 15-20% duties, and a 50% levy on copper and Brazilian goods to kick in August 1, fueling renewed safe-haven demand. Nonetheless, heightened risk aversion was tempered by a firmer dollar (on track for its strongest weekly rally since February) and surprisingly robust U.S. jobless data, which softened expectations for imminent Fed rate cuts.
Meanwhile, the U.S. Dollar Index is now +0.2% to $97.81.
