Stock Market Update
06-Apr-26 14:00 ET
Gold slips as strong U.S. data, rate outlook pressure prices despite geopolitical support
Dow +10.39
at 46513.95,
Nasdaq +34.30
at 21913.49,
S&P +6.08
at 6590.86
[BRIEFING.COM] With about two hours to go on Monday afternoon the tech-heavy Nasdaq Composite (+0.16%) is narrowly in the lead, up about 34 points.
Gold futures settled $5 lower (-0.1%) at $4,684.70/oz, as stronger U.S. data and persistent inflation concerns reinforce expectations for higher interest rates, weighing on demand for non-yielding assets. Ongoing Middle East tensions are offering limited support, but their impact is being offset by rising oil prices and reduced expectations for near-term Fed rate cuts.
Meanwhile, the U.S. Dollar Index is less than -0.1% lower at $100.01.
