Stock Market Update
01-Jul-26 14:00 ET
Gold climbs 1.1% as weak labor data, dovish Fed comments boost rate-cut hopes
Dow +97.22
at 52416.42,
Nasdaq -68.10
at 26166.62,
S&P +1.06
at 7500.42
[BRIEFING.COM] The Nasdaq Composite (-0.26%) is down about 68 points this afternoon, the only major average in the red.
Gold futures settled $43.90 higher (+1.1%) at $4,082.40/oz, after weaker-than-expected U.S. labor data and dovish comments from Federal Reserve Chair Kevin Warsh boosted expectations for lower interest rates, pressuring Treasury yields and lifting demand for the precious metal. The gains also reflected a rebound following gold's steep quarterly decline, with investors returning to the safe-haven asset.
Meanwhile, the U.S. Dollar Index is now +0.2% higher to $101.39.
