Stock Market Today: Dow and Nasdaq Drop as Oil Hits $100, Gold price at $ 4,399 - eurasiabusinessnews.com

AI desk brief

Gold stayed elevated as Brent crude returned above $100/bbl, Treasury yields climbed to their highest since 2023, and investors added safe-haven exposure ahead of U.S. PPI/CPI. Spot gold was around $4,414.30/oz intraday, up 1.4%, while December futures settled at $4,458.80/oz; the article also cites a September 9 spot close of $4,394.74/oz.

The market backdrop is mixed for bullion: higher long-end yields are a headwind, but Middle East supply risks, inflation चिंता from firm energy prices, and renewed volatility in equities are supporting demand. The immediate catalyst is this week’s U.S. inflation data, which will test whether rising oil is feeding broader price pressures and keeping rate-cut expectations in check.