Stock Market Update
27-Apr-26 14:00 ET
Gold Falls 1% as Rate Outlook and Profit Taking Weigh, Despite Muted Dollar Move
Dow -80.62
at 49150.09,
Nasdaq +35.13
at 24871.73,
S&P +7.18
at 7172.26
[BRIEFING.COM] The Nasdaq Composite (+0.14%) is in first place on Monday afternoon, up about 35 points.
Gold futures settled $47.20 lower (-1.0%) at $4,693.70/oz, pressured by a stronger U.S. dollar and persistent higher-for-longer interest rate expectations that weighed on non-yielding assets. The pullback also reflects profit taking after a strong rally and softer near-term safe-haven demand as geopolitical tensions show limited escalation.
Meanwhile, the U.S. Dollar Index is down less than -0.1% to $98.47.
