Stock Market Update
07-Aug-25 14:00 ET
Gold up 0.6% as Fed cut bets grow despite firm dollar
Dow -310.32
at 43882.80,
Nasdaq -2.44
at 21165.60,
S&P -18.69
at 6326.37
[BRIEFING.COM] The Nasdaq Composite (-0.01%) is down about 2 points on Thursday afternoon, fading off morning gains which surpassed 238 points.
Gold futures settled $20.30 higher (+0.6%) at $3,453.70/oz, supported by lingering trade concerns and growing expectations of a Fed rate cut next month. While the U.S. dollar edged higher, gold found support from investor caution following yesterday's tariff announcement on Indian imports and softening U.S. economic data that reinforced the case for monetary easing.
Meanwhile, the U.S. Dollar Index is up about +0.1% to $98.29.
