Stock Market Update
20-Apr-26 14:00 ET
Gold drops 1% to $4,828 on stronger dollar, rising yields
Dow -98.18
at 49349.38,
Nasdaq -115.19
at 24353.30,
S&P -25.18
at 7027.87
[BRIEFING.COM] The Nasdaq Composite (-0.47%) is in last place on Monday afternoon, down 115 points.
Gold futures settled $50.80 lower (-1.0%) at $4,828.80/oz, as a stronger U.S. dollar and rising Treasury yields pressured the metal, increasing the opportunity cost of holding non-yielding assets. The move comes as markets reassess a higher-for-longer rate outlook, with elevated oil prices and geopolitical tensions reinforcing inflation concerns and dampening expectations for near-term Fed cuts.
Meanwhile, the U.S. Dollar Index is down less than -0.1% to $98.06.
