Stock Market Update
16-Apr-26 14:00 ET
Gold slips as stronger dollar, Fed repricing prompt profit-taking despite geopolitical support
Dow +36.54
at 48500.26,
Nasdaq +46.49
at 24062.51,
S&P +6.91
at 6956.86
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.19%) is in first place on Thursday afternoon, up about 46 points.
Gold futures settled $19.20 lower (-0.4%) at $4,804.40/oz, as a firmer U.S. dollar and shifting Fed rate expectations weighed on sentiment, prompting some profit-taking after recent gains. Broader macro uncertainty tied to geopolitical developments, including U.S.-Iran negotiations, has kept gold range-bound as investors balance safe-haven demand against a stronger risk and rate backdrop.
Meanwhile, the U.S. Dollar Index is up approx. +0.2% to $98.28.
