Stock Market Update
24-Jun-26 14:00 ET
Gold Slides 3.4% as Easing Middle East Tensions Sap Safe-Haven Demand
Dow +194.24
at 51861.08,
Nasdaq -78.20
at 25529.83,
S&P -7.04
at 7358.42
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.31%) is down about 79 points this afternoon, today's top laggard among the major averages.
Gold futures settled $140.60 lower (-3.4%) at $4,008.80/oz, as easing geopolitical tensions in the Middle East reduced safe-haven demand, while lower oil prices helped ease inflation concerns. The decline was amplified by a stronger U.S. dollar, firm Treasury yields, and expectations that the Federal Reserve could keep interest rates higher for longer.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $101.64.
