Stock Market Update
11-Feb-26 14:00 ET
Gold Surges to Record High as Rate-Cut Bets and Geopolitical Risks Lift Safe-Haven Appeal
Dow -117.35
at 50069.58,
Nasdaq +10.36
at 23112.86,
S&P +8.48
at 6950.28
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.04%) is in second place on Wednesday afternoon, up about 10 points.
Gold futures settled $67.50 higher (+1.3%) at $5,098.50/oz, as falling Treasury yields and a softer U.S. dollar revived safe-haven demand and reinforced expectations that the Fed could cut rates later this year. The move was further underpinned by ongoing geopolitical uncertainty and steady central-bank buying, keeping gold bid ahead of key U.S. inflation and labor data.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $96.75.
