Stock Market Update
08-May-26 14:00 ET
Gold Futures Climb 0.4% to $4,730.70 as Softer Dollar, Lower Yields and Fed Cut Bets Boost Demand
Dow +35.31
at 49632.28,
Nasdaq +394.69
at 26200.88,
S&P +61.90
at 7399.01
[BRIEFING.COM] The Nasdaq Composite (+1.53%) is in first place on Friday afternoon, up about 395 points.
Gold futures settled $19.80 higher (+0.4%) at $4,730.70/oz, down then +1.9% on the week, as a softer dollar and easing Treasury yields boosted demand for the precious metal. Ongoing geopolitical uncertainty, expectations for eventual Fed rate cuts, and continued central-bank buying also supported safe-haven flows into gold.
Meanwhile, the U.S. Dollar Index is down about -0.4% to $97.89.
