Stock Market Update
29-Apr-26 14:00 ET
Gold falls 1.1% on stronger dollar and higher yields ahead of FOMC decision
Dow -302.63
at 48839.30,
Nasdaq -52.71
at 24611.09,
S&P -11.53
at 7127.27
[BRIEFING.COM] The Nasdaq Composite (-0.21%) is down about 53 points with the FOMC's policy decision due at the top of the hour.
Gold futures settled $49.60 lower (-1.1%) at $4,558.80/oz, as a stronger U.S. dollar and firmer Treasury yields reduced the appeal of non-yielding assets like bullion amid shifting expectations for Fed rate cuts. The move also reflected mild profit-taking after recent gains, with the broader bullish backdrop from geopolitical uncertainty and central bank buying still largely intact.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $98.85.
