Stock Market Update
30-Jul-25 13:55 ET
Gold falls to 3-week low as trade hopes and stronger dollar erode safe-haven demand
Dow +21.36
at 44654.35,
Nasdaq +86.73
at 21183.65,
S&P +14.30
at 6385.16
[BRIEFING.COM] With about two hours to go the tech-heavy Nasdaq Composite (+0.41%) is in first place ahead of the Fed's July FOMC Statement, which is due at the top of the hour, followed by Fed Chairman Powell's press conference at 14:30 ET.
Gold futures settled $28.40 lower (-0.8%) at $3,352.80/oz, as easing trade war anxiety and a firmer U.S. dollar weighed on bullion's appeal. Gold hovers near a three-week low after more than five hours of U.S./China talks in Stockholm and a framework trade agreement reached with the EU, including a 15% tariff instead of higher threatened rates, reduced safe-haven demand.
Meanwhile, the U.S. Dollar Index is up about +0.5% to $99.44.
