Stock Market Update
15-Jun-26 14:00 ET
Gold Jumps 2.7% to Record Settlement as Softer Dollar, Fed Cut Hopes Boost Demand
Dow +630.78
at 51833.04,
Nasdaq +774.10
at 26683.93,
S&P +131.41
at 7562.87
[BRIEFING.COM] The Nasdaq Composite (+2.99%) is up about 774 points this afternoon.
Gold futures settled $112.80 higher (+2.7%) at $4,351.60/oz, after a U.S./Iran peace framework eased concerns about an energy-driven inflation shock, pushing the dollar lower and reducing expectations for additional Federal Reserve rate hikes. Investors also looked ahead to this week's Fed meeting, while ongoing policy uncertainty and expectations for lower real interest rates continued to support demand for the precious metal.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $99.59.
