Stock Market Update
16-Jul-25 13:55 ET
Gold gains as dollar slides, yields dip amid trade tensions and Fed uncertainty
Dow +121.30
at 44144.59,
Nasdaq +11.92
at 20689.72,
S&P +8.87
at 6252.63
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.06%) is retreating back to flat lines, up now just 12 points as we approach the Fed's Beige Book at the top of the hour.
Gold futures settled $22.40 higher (+0.7%) at $3,359.10/oz, supported by a weaker U.S. dollar and declining Treasury yields, which boosted demand for non-yielding assets. The move also reflected investor caution amid renewed trade tensions, particularly U.S. tariff threats toward Mexico and the EU, and market jitters following reports of potential friction between President Trump and the Federal Reserve.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $98.17.
