Stock Market Update
08-Jul-26 13:55 ET
Gold Falls 1.8% as Rising Yields, Stronger Dollar Pressure Bullion Ahead of Fed Minutes
Dow -624.71
at 52300.44,
Nasdaq -51.38
at 25788.31,
S&P -35.12
at 7468.73
[BRIEFING.COM] With about two hours to go on Wednesday afternoon the tech-heavy Nasdaq Composite (-0.20%) is in "first" place, showing the shallowest losses among the major averages. Due at the top of the hour, the Fed will release Minutes from its June 16-17 meeting.
Gold futures settled $75.00 lower (-1.8%) at $4,082.40/oz, as a surge in oil prices boosted Treasury yields and the U.S. dollar, fueling expectations that the Federal Reserve could keep interest rates higher for longer. Investors also remained cautious ahead of the release of the Fed's June meeting minutes, which could provide further clues on the path of monetary policy.
Meanwhile, the U.S. Dollar Index falls less than -0.1% to $101.04.
