Stock Market Update
11-Aug-26 14:00 ET
Gold Climbs as Softer Inflation Bets, Fed Outlook Boost Safe-Haven Demand
Dow -93.42
at 53882.56,
Nasdaq -135.38
at 26491.00,
S&P -17.19
at 7735.92
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.51%) is in last place on Tuesday afternoon, down about 135 points.
Gold futures settled $18.80 higher (+0.4%) at $4,438.50/oz, as investors anticipate softer U.S. inflation data, while the weaker-than-expected July jobs report has boosted expectations for a less hawkish Federal Reserve. Ongoing Middle East tensions and continued central bank buying are also supporting safe-haven demand for gold ahead of this week's key inflation reports.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $99.85.
