Stock Market Update
06-Mar-26 14:00 ET
Gold Settles Lower Despite Rate-Cut Hopes and Safe-Haven Demand from Middle East Tensions
Dow -555.36
at 47398.27,
Nasdaq -237.56
at 22511.44,
S&P -74.87
at 6757.83
[BRIEFING.COM] The Nasdaq Composite (-1.04%) is in "first" place, albeit down 237 points on Friday afternoon, with more aggressive losses being had elsewhere.
Gold futures settled $56.00 lower (-1.1%) at $5,078.70/oz, down -1.7% on the week, after weaker-than-expected U.S. payroll data boosted expectations for Federal Reserve rate cuts, supporting demand for non-yielding assets. Safe-haven buying tied to ongoing Middle East tensions also helped lift prices, though bullion remains lower for the week after earlier pressure from a stronger dollar and higher Treasury yields.
Meanwhile, the U.S. Dollar Index is down less than -0.1% to $99.00.
