Stock Market Update
17-Apr-26 14:00 ET
Gold Climbs Toward Weekly Gain as Dollar Weakness, Cooling Inflation Bets Fuel Demand
Dow +983.96
at 49562.81,
Nasdaq +360.20
at 24462.91,
S&P +88.76
at 7057.03
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.49%) is in second place this afternoon, up about 360 points.
Gold futures settled $71.30 higher (+1.5%) at $4,879.60/oz, up then about +1.9% on the week, supported by a weaker U.S. dollar and declining oil prices as easing U.S./Iran tensions reduced inflation expectations and reinforced prospects for Fed rate cuts. The move was further underpinned by ongoing safe-haven demand and momentum buying, keeping bullion on track for a solid weekly gain despite an improving risk backdrop.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $97.98.
