Stock Market Today: Treasury Yields Retreat, Dow and Nasdaq Soar, Oil price above $91, Gold at $ 4,465 - Eurasia Business News

AI desk brief

Gold stayed firmly bid near record territory, trading around $4,465.60/oz, up $78.10 or 1.78% intraday, as Treasury yields retreated and geopolitical tension kept haven demand elevated. The metal printed a wide session range of $4,380.60-$4,496.10/oz, leaving it close to the day’s highs ahead of Friday’s U.S. payrolls report.

The macro backdrop was supportive across the board: the 2-year Treasury yield fell 5 bps to 4.32%, the 10-year eased 3 bps to 4.74%, and the 30-year slipped 2 bps to 5.23%. Fed Governor Waller said he would favor holding rates steady if August inflation data cooperate, reinforcing the market’s view that policy tightening is less likely near term. That combination lowered gold’s opportunity cost and helped risk assets too, with the Dow up 0.8%, the S&P 500 up 0.6%, and the Nasdaq up 0.9%.

Oil’s continued rally added another bullish layer for bullion, with WTI at $91.94/bbl and Brent at $96.17/bbl amid Middle East supply-risk concerns. The article frames gold as highly sensitive to Friday’s jobs print and the next inflation data: a softer labor signal or cooler inflation would likely extend the bid, while a hotter payrolls outcome could pressure yields higher and cap momentum.