[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.03%) is down less than 8 points today, good enough for first place among the major averages.
Gold futures settled $57 lower (-1.3%) at $4,351.90/oz, as rising oil prices and hotter inflation fueled expectations for higher interest rates, pushing Treasury yields and the dollar higher. Higher yields and a stronger dollar weighed on gold, offsetting some safe-haven demand from Middle East tensions.
Meanwhile, the U.S. Dollar Index is now +0.3% higher to $99.42.