Stock Market Update
27-May-26 14:00 ET
Gold Slides as Easing Geopolitical Tensions, Higher Yields Pressure Safe-Haven Demand
Dow +198.16
at 50659.84,
Nasdaq -29.19
at 26647.99,
S&P -4.20
at 7514.92
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.11%) is in last place on Wednesday afternoon, down about 29 points.
Gold futures settled $53.90 lower (-1.2%) at $4,448.40/oz, as easing geopolitical tensions and signs of progress in U.S./Iran talks reduced safe-haven demand for bullion. Higher Treasury yields and concerns that inflation could keep the Federal Reserve on a restrictive policy path also pressured gold price.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $99.22.
