Stock Market Update
09-Feb-26 14:00 ET
Gold Jumps 2% to $5,079 as Dollar Slides, Rate-Cut Bets Fuel Safe-Haven Demand
Dow +10.74
at 50125.20,
Nasdaq +222.96
at 23254.20,
S&P +36.34
at 6968.63
[BRIEFING.COM] The Nasdaq Composite (+0.97%) is in first place on Monday afternoon, up 223 points.
Gold futures settled $99.60 higher (+2.0%) at $5,079.40/oz, as a softer U.S. dollar and falling real yields boosted safe-haven demand, while investors leaned into expectations for Fed rate cuts later this year. Ongoing geopolitical uncertainty and steady central bank buying, particularly from China, further underpinned the rally in bullion.
Meanwhile, the U.S. Dollar Index is lower by -0.8% to $96.85.
