Stock Market Update
03-Aug-26 14:00 ET
Gold Settles Lower as Easing Geopolitical Tensions Pressure Prices
Dow +612.22
at 53097.25,
Nasdaq +553.33
at 25948.20,
S&P +111.25
at 7600.97
[BRIEFING.COM] The Nasdaq Composite (+2.18%) is in first place on Monday afternoon, up about 553 points.
Gold futures settled $16.50 lower (-0.4%) at $4,090.50/oz, as easing safe-haven demand, following lower oil prices and reduced fears of an immediate U.S. military strike on Iran, outweighed lingering geopolitical uncertainty. Higher-for-longer Federal Reserve rate expectations also pressured the metal, as investors looked ahead to key U.S. labor market data this week.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $100.00.
