European Stocks Rise as Gold Holds and Dollar Retreats: European stocks opened higher on Thursday,

supported by a drop in sovereign bond yields in Germany, Italy, and the United Kingdom,

Investors assessed economic data,

which showed that the UK economy slowed in the first quarter following the imposition of additional tariffs.

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The Stoxx Europe 600 index rose 0.15% to 551 points, while losses in energy and mining stocks limited the gains.

The UK’s FTSE 100 index fell 0.15% to 9,149 points, Germany’s DAX gained 0.3% to 24,253 points,

and France’s CAC 40 rose 0.35% to 7,831 points.

According to preliminary data from the UK’s Office for National Statistics,

The UK economy grew by 0.3% in the second quarter, exceeding expectations of 0.1% growth,

but slowing from the 0.7% growth recorded in the first quarter.

In commodities markets, gold futures prices held steady as the dollar weakened.

Markets continued to assess the likelihood of a Federal Reserve interest rate cut in September.

On Thursday, gold futures for December delivery settled at $3,407.30 per ounce,

while spot gold remained unchanged at $3,358.05 per ounce.

The US dollar index slipped slightly to 97.73 points.

Among other precious metals, silver futures for September delivery held steady at $38.58 per ounce,

spot platinum fell 0.4% to $1,337.93, while palladium rose 0.15% to $1,139.09 per ounce.

Investors are awaiting US data later this week, including the Producer Price Index,

jobless claims, and retail sales, for further clues on the Federal Reserve’s monetary policy path.

European Stocks Rise as Gold Holds and Dollar Retreats

European Stocks Rise as Gold Holds and Dollar Retreats