Stock Market Update
18-Jun-26 13:55 ET
Gold drops 3.1% to $4,245.90/oz as dollar strength and rising yields weigh on bullion
Dow +177.59
at 51670.14,
Nasdaq +433.43
at 26476.07,
S&P +81.41
at 7501.51
[BRIEFING.COM] The Nasdaq Composite (+1.67%) is in first place this afternoon (+1.67%), up about 433 points.
Gold futures settled $135.50 lower (-3.1%) at $4,245.90/oz, up about +0.2% on the week, as a stronger U.S. dollar and rising Treasury yields pressured bullion, while expectations for near-term Fed easing faded. The decline also reflected profit-taking after a strong run, with investors rotating out of gold despite lingering geopolitical and inflation risks.
Meanwhile, the U.S. Dollar Index adds +0.4% to $100.80.
