Stock Market Update
08-Jan-26 14:00 ET
Gold Edges Lower Ahead of Bloomberg Commodity Index Rebalance
Dow +256.87
at 49252.74,
Nasdaq -157.21
at 23427.09,
S&P -7.09
at 6913.83
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.67%) is in last place with about two hours to go on the penultimate session of the week.
Gold futures settled $1.80 lower (-0.0%) at $4,460.70/oz, as traders positioned ahead of the Bloomberg Commodity Index's annual rebalancing, which is expected to drive near-term, mechanically driven selling. A firmer U.S. dollar and light profit-taking after recent record highs also capped gains, even as longer-term rate-cut expectations continue to underpin bullion.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $98.95.
