US Stocks Gain, Gold Soars Amid Weak Euro and Falling Oil Prices
Economy / Finance

US Stocks Gain, Gold Soars Amid Weak Euro and Falling Oil Prices

US stock markets saw gains on Tuesday. By the close in New York, the Dow reported 52,378 points, marking a modest increase of 0.03 percent compared to the previous trading day.

Earlier in the session, the broader S&P 500 was performing even better, rising by 0.6 percent to approximately 7,723 points. Meanwhile, the technology-focused Nasdaq 100 calculated a 1.3 percent increase, reaching around 29,651 points.

On the currency front, the European common currency was weaker as the day ended Tuesday evening. The Euro traded at $1.1135 against the USD, resulting in the dollar fetching 0.8981 euros.

In commodities, the gold price saw a noticeable upturn; finely purifed ounces traded for $4,060 by the evening, a gain of 1.2 percent. This translates to €117.22 per gram. Conversely, the price of oil dropped significantly. By around 9 PM German time, a barrel of North Sea Brent crude cost $114.00, representing a decrease of 1.6 percent, or 181 cents, from the end of the prior trading day.