Stock Market Update
07-May-26 14:00 ET
Gold edges higher as safe-haven demand and central bank buying persist near record levels
Dow -388.10
at 49522.49,
Nasdaq -75.56
at 25763.38,
S&P -38.25
at 7326.87
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.29%) is down the least among the major averages on Thursday afternoon, slipping about 75 points.
Gold futures settled $16.60 higher (+0.4%) at $4,710.90/oz, as investors continued to lean on the metal as a safe-haven amid lingering geopolitical and policy uncertainty, with steady central bank demand also providing support. The move appeared to be more continuation-driven than event-specific, as bullion remains elevated near record levels with dips consistently attracting buyers.
Meanwhile, the U.S. Dollar Index is less than +0.1% higher to $98.10.
