Stock Market Update
09-Mar-26 14:00 ET
Gold Slips as Stronger Dollar, Rising Yields Weigh on Bullion Demand
Dow -451.89
at 47048.55,
Nasdaq -50.44
at 22337.25,
S&P -37.54
at 6704.47
[BRIEFING.COM] The Nasdaq Composite (-0.23%) is today's shallowest laggard among the major averages, down about 50 points with two hours to go on Monday.
Gold futures settled $55 lower (-1.1%) at $5,103.70/oz, as a stronger U.S. dollar and rising Treasury yields pressure the metal. The move comes as surging oil prices tied to Middle East tensions fuel inflation concerns and reduce expectations for near-term Federal Reserve rate cuts, dampening demand for non-yielding assets like gold.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $99.14.
