Stock Market Update
05-Aug-26 14:00 ET
Gold Surges 3.7% to Record Settlement as Weaker Dollar, Lower Yields Lift Safe-Haven Demand
Dow +488.49
at 54574.37,
Nasdaq -136.48
at 26469.53,
S&P +2.28
at 7738.80
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.51%) is the only major average in the red this afternoon, down about 136 points.
Gold futures settled $152.60 higher (+3.7%) at $4,305.20/oz, as a weaker U.S. dollar and lower Treasury yields increased demand for the safe-haven metal. Investors also weighed easing inflation pressures and awaited upcoming U.S. employment data for further clues on the Federal Reserve's interest rate outlook.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $99.67.
