Stock Market Update
23-Mar-26 14:00 ET
Gold Slides 3.7% as Long Liquidation, Rising Yields Weigh on Safe-Haven Demand
Dow +793.67
at 46370.03,
Nasdaq +324.74
at 21972.36,
S&P +93.65
at 6602.12
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.50%) is in second place on Monday afternoon, up about 325 points.
Gold futures settled $167.60 lower (-3.7%) at $4,407.30/oz, as investors unwind crowded long positions and rotate into cash, with the metal failing to attract safe-haven demand despite ongoing geopolitical tensions. Rising bond yields and expectations for higher for longer rates, amid energy driven inflation concerns, are further pressuring non-yielding bullion.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $99.20.
