Stock Market Update
16-Mar-26 14:00 ET
Gold Falls $59.50 as Rising Yields, Oil-Driven Inflation Fears Weigh on Rate-Cut Outlook
Dow +321.46
at 46878.82,
Nasdaq +270.99
at 22376.36,
S&P +63.35
at 6697.53
[BRIEFING.COM] The Nasdaq Composite (+1.23%) is in first place among the major averages with about two hours to go on Monday afternoon.
Gold futures settled $59.50 lower (-1.2%) at $5,002.20/oz, as surging oil prices tied to Middle East tensions stoked inflation concerns and reduced expectations for near-term Federal Reserve rate cuts. Higher Treasury yields and a stronger U.S. dollar also pressured the metal, making non-yielding gold less attractive relative to interest-bearing assets.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $99.91.
