Stock Market Update
12-Mar-26 14:00 ET
Gold Falls $53 as Stronger Dollar, Higher Treasury Yields Weigh on Demand
Dow -582.75
at 46833.41,
Nasdaq -326.41
at 22389.74,
S&P -79.54
at 6698.25
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.44%) is in last place on Thursday afternoon, down about 326 points.
Gold futures settled $53.30 lower (-1.0%) at $5,125.80/oz, pressured by a stronger U.S. dollar and higher Treasury yields, which reduced demand for the non-yielding metal. The pullback also came as rising oil prices and persistent inflation concerns lowered expectations for near-term Federal Reserve rate cuts.
Meanwhile, the U.S. Dollar Index is up around +0.4% to $99.67.
