Stock Market Update
28-Apr-26 14:00 ET
Gold Drops on Stronger Dollar and Rate Outlook, Profit-Taking After Recent Rally
Dow -2.56
at 49165.23,
Nasdaq -267.34
at 24619.76,
S&P -42.14
at 7131.77
[BRIEFING.COM] The Nasdaq Composite (-1.07%) is firmly lower on Tuesday afternoon, down about 267 points.
Gold futures settled $85.30 lower (-1.8%) at $4,608.40/oz, as a stronger U.S. dollar and profit-taking followed recent gains, with investors trimming exposure ahead of upcoming central bank policy signals. At the same time, renewed inflation concerns tied to elevated energy prices have kept expectations for higher-for-longer interest rates in focus, weighing on non-yielding assets like gold.
Meanwhile, the U.S. Dollar Index is up about +0.1% to $98.63.
