Stock Market Update
17-Jun-26 13:55 ET
Gold Climbs as Lower Yields, Fed Decision Anticipation Lift Safe-Haven Demand
Dow +150.35
at 52150.02,
Nasdaq +30.04
at 26427.37,
S&P +1.43
at 7512.78
[BRIEFING.COM] All three major averages now show gains ahead of the 2:00 p.m. ET FOMC decision and subsequent press conference from newly installed Fed Chair Kevin Warsh, with investors eager for any signals regarding the Fed's policy path under its new leadership. Currently, the Nasdaq Composite (+0.11%) is in second place.
Gold futures settled $27 higher (+0.6%) at $4,381.40/oz, as falling Treasury yields and expectations that easing Middle East tensions could reduce inflation pressures boosted demand for the precious metal. Investors were also positioning ahead of the Federal Reserve's policy decision, while lower interest rate expectations continued to support non-yielding assets like gold.
Meanwhile, the U.S. Dollar Index is now +0.1% higher to $99.66.
