Stock Market Update
16-Jun-26 14:00 ET
Gold Edges Higher Ahead of Fed Decision as Safe-Haven Demand Offsets Easing Oil Prices
Dow +441.69
at 52112.72,
Nasdaq -140.98
at 26563.95,
S&P -19.83
at 7534.46
[BRIEFING.COM] The Nasdaq Composite (-0.53%) is in last place on Tuesday afternoon, down about 140 points.
Gold futures settled $2.80 higher (+0.1%) at $4,354.40/oz, as investors awaited the Federal Reserve's policy decision and assessed the impact of the emerging U.S./Iran peace agreement. Lower oil prices eased inflation concerns and supported expectations for a more accommodative Fed, while lingering geopolitical uncertainty and ongoing central bank buying helped sustain demand for the safe-haven metal.
Meanwhile, the U.S. Dollar Index falls -0.1% to $99.54.
