Stock Market Update
02-Feb-26 14:00 ET
Gold Slides Nearly 2% as Hawkish Fed Repricing Lifts Dollar, Triggers Technical Selling
Dow +521.49
at 49412.75,
Nasdaq +214.42
at 23676.26,
S&P +49.36
at 6988.38
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.91%) is in second place with about two hours to go on Monday.
Gold futures settled $92.50 lower (-1.9%) at $4,652.60/oz, as markets repriced U.S. monetary policy expectations following signs of a potentially more hawkish Fed leadership, lifting the dollar and yields and weighing on non-yielding assets. The move was amplified by technical selling and position unwinds after higher futures margin requirements, turning a policy-driven pullback into a sharper short-term correction.
Meanwhile, the U.S. Dollar Index is up +0.7% to $97.70.
