[BRIEFING.COM] With about two hours to go on Monday the tech-heavy Nasdaq Composite (-0.54%) is down now about 114 points.
Gold futures settled $116.20 higher (+2.7%) at $4,492.50/oz, supported by safe-haven demand as escalating Middle East tensions and higher oil prices unsettled broader markets. Gains were limited as rising energy-driven inflation concerns reinforced expectations for higher-for-longer interest rates, which continue to cap gold's upside.
Meanwhile, the U.S. Dollar Index adds about +0.3% to $100.48.