Gold ticks higher after tech stocks dip
Gold () futures opened at $3,359 per ounce on Wednesday, up 1.4% from Tuesday’s close of $3,314.40. Wednesday’s opening price is down 0.7% from last week’s high of $3,383.90, achieved on August 11.
In stocks, the S&P 500 fell 0.5% and the Nasdaq Composite fell 1.4% in trading Tuesday as technology stocks struggled. Investors may be looking for gains beyond large technology stocks, as health care and small- and mid-caps have shown strength. Gold remains an attractive safe-haven option should investors turn bearish on stocks.
Gold also could show strength on any signs the Fed will lower interest rates in September, as is widely expected.
The opening price of gold futures on Wednesday is up 1.4% from Tuesday’s…
