Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks climb as inflation data, falling oil lift sentiment

Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Gold surges near $4,400 as traders absorb hot US inflation data

Gold prices rose nearly 2% toward $4,400 an ounce on Friday, staging a swift recovery after an initial drop triggered by hotter-than-expected US consumer price data. The inflation print prompted swap traders to ramp up expectations of a Federal Reserve rate hike at its upcoming policy meeting to nearly 90%, causing brief volatility across two-year Treasuries and the dollar. Despite the prospect of higher interest rates, which typically weigh on non-yielding assets, bullion found support from investors rebuilding positions post-release alongside a pause in the recent oil rally, reinforcing gold’s appeal amid ongoing Middle East geopolitics and persistent inflation risks.