Stock Market Update
08-Apr-26 14:00 ET
Gold Surges $92 on U.S.-Iran Ceasefire, Dollar Weakness Boosts Safe-Haven Demand
Dow +1267.88
at 47851.23,
Nasdaq +645.58
at 22663.44,
S&P +164.81
at 6783.75
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+2.93%) is in the lead on Wednesday afternoon, up 645 points.
Gold futures settled $92.50 higher (+2.0%) at $4,777.20/oz, fueled by a U.S.-Iran ceasefire that weakened the dollar, pushed down Treasury yields, and eased energy-driven inflation concerns. The rally also reflects short-covering and renewed safe-haven demand as investors price in lower real rates and ongoing geopolitical uncertainty.
Meanwhile, the U.S. Dollar Index is down about -0.7% to $98.95.
