Stock Market Update
13-Mar-26 14:00 ET
Gold falls as stronger dollar, higher Treasury yields spur profit-taking; weekly loss nears 2%
Dow -76.16
at 46600.58,
Nasdaq -216.90
at 22095.09,
S&P -36.77
at 6637.84
[BRIEFING.COM] The Nasdaq Composite (-0.97%) is in last place on Friday afternoon, down about 217 points.
Gold futures settled $64.10 lower (-1.3%) at $5,061.70/oz, extending weekly losses to about -1.9%, as a stronger U.S. dollar and rising Treasury yields weighed on the metal. The move comes as surging oil prices and ongoing geopolitical tensions have fueled inflation concerns, prompting markets to scale back expectations for near-term Federal Reserve rate cuts and sparking some profit-taking after gold's recent run higher.
Meanwhile, the U.S. Dollar Index gains about +0.6% to $100.33.
