Stock Market Update
01-Sep-26 14:00 ET
Gold Tumbles 1.9% as Rising Yields, Stronger Dollar Pressure Prices
Dow -428.58
at 52757.32,
Nasdaq -263.89
at 26128.05,
S&P -54.41
at 7631.73
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.00%) is down about 264 points this afternoon, now clearing losses above -1%.
Gold futures settled $85.10 lower (-1.9%) at $4,396.40/oz, as rising Treasury yields, a stronger U.S. dollar and renewed inflation concerns tied to higher oil prices weighed on the non-yielding metal. The break below gold's 200-day moving average also triggered technical selling, while expectations for a potentially tighter Fed policy added further pressure.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $99.71.
