Stock Market Update
12-Jun-26 14:00 ET
Gold Surges 3.1% as Lower Yields Spark Rebound, but Weekly Losses Persist
Dow +385.98
at 51234.73,
Nasdaq +93.22
at 25923.87,
S&P +37.17
at 7431.47
[BRIEFING.COM] The Nasdaq Composite (+0.36%) is up about 93 points this afternoon, the shallowest gains among the major averages.
Gold futures settled $126 higher (+3.1%) at $4,240/oz, down about -2.9% on the week, as easing Middle East tensions pressured the dollar and Treasury yields, boosting demand for the precious metal after its recent pullback. Despite the sharp rebound, gold's weekly losses stacked up as stronger U.S. inflation data and expectations that the Federal Reserve could keep interest rates elevated continued to weigh on sentiment.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $99.74.
