Stock Market Update
18-Mar-26 13:55 ET
Gold Falls $112 as Strong Dollar, Rate Concerns Pressure Market Ahead of FOMC
Dow -464.88
at 46527.27,
Nasdaq -148.04
at 22331.50,
S&P -46.43
at 6671.65
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.66%) is down about 148 points ahead of the FOMC policy decision at the top of the hour wherein the market is nearly certain today's FOMC policy decision will be to leave things as-is.
Gold futures settled $112.00 lower (-2.2%) at $4,896.20/oz, as a stronger U.S. dollar and rising rate expectations, driven by higher oil prices and persistent inflation concerns, weighed on the non-yielding metal. The decline was also fueled by profit-taking and liquidation of crowded long positions after gold's recent run above $5,000.
Meanwhile, the U.S. Dollar Index is about +0.3% higher to $99.82.
