Stock Market Update
13-Apr-26 14:00 ET
Gold Slips as Rising Yields, Stronger Dollar Offset Safe-Haven Demand
Dow +2.76
at 47918.22,
Nasdaq +148.85
at 23051.76,
S&P +28.81
at 6847.79
[BRIEFING.COM] The Nasdaq Composite (+0.65%) is in first place among the major averages with about two hours to go, up 149 points.
Gold futures settled $20 lower (-0.4%) at $4,767.40/oz, as a stronger U.S. dollar and rising Treasury yields pressured prices amid fading expectations for near-term Federal Reserve rate cuts. While geopolitical tensions and higher oil prices typically support safe-haven demand, the inflation-driven "higher-for-longer" rate outlook is proving the dominant force.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $98.57.
