Stock Market Update
22-Apr-26 14:00 ET
Gold Futures Rise on Lower Yields, Softer Dollar and Safe-Haven Demand
Dow +258.67
at 49408.05,
Nasdaq +348.96
at 24608.93,
S&P +61.84
at 7125.85
[BRIEFING.COM] With about two hours to go on Wednesday afternoon the tech-heavy Nasdaq Composite (+1.44%) is atop the major averages, up about 349 points.
Gold futures settled $33.40 higher (+0.7%) at $4,753/oz, as lower Treasury yields and a softer dollar reduced holding costs and encouraged buying. Safe-haven demand tied to lingering geopolitical uncertainty, along with some technical and bargain-driven support after recent weakness, also helped drive the rebound.
Meanwhile, the U.S. Dollar Index is higher by about +0.2% to $98.56.
