Stock Market Update
30-Apr-26 14:00 ET
Gold Rebounds 1.5% on Weaker Dollar, Dip-Buying as Safe-Haven Demand Offsets Rate Pressure
Dow +720.21
at 49582.02,
Nasdaq +166.26
at 24839.50,
S&P +56.42
at 7192.37
[BRIEFING.COM] The Nasdaq Composite (+0.67%) is in last place among the major averages this afternoon, yet holds gains of about 166 points.
Gold futures settled $68.10 higher (+1.5%) at $4,629.60/oz, as a weaker U.S. dollar, partly tied to yen-support efforts, boosted demand while investors stepped in for dip-buying after recent losses. The move reflects a tactical rebound supported by safe-haven demand, though elevated interest rates and Treasury yields continue to cap upside.
Meanwhile, the U.S. Dollar Index is down about -0.8% to $98.16.
