Stock Market Update
21-Apr-26 14:00 ET
Gold drops 2.3% as stronger dollar and higher yields weigh on prices despite geopolitical risks
Dow -115.68
at 49327.01,
Nasdaq -60.45
at 24343.95,
S&P -23.28
at 7012.85
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.25%) is in second place on Tuesday afternoon, down about 60 points.
Gold futures settled $109.20 lower (-2.3%) at $4,719.60/oz, as a stronger U.S. dollar and rising Treasury yields increased the opportunity cost of holding the metal, pressuring prices lower. At the same time, shifting expectations that inflationary pressures could keep interest rates higher for longer outweighed safe-haven demand despite ongoing geopolitical tensions.
Meanwhile, the U.S. Dollar Index is higher about +0.3% to $98.35.
