Stock Market Update
12-May-26 14:00 ET
Gold Falls as Higher Yields, Stronger Dollar Pressure Bullion Prices
Dow -5.32
at 49699.15,
Nasdaq -381.13
at 25892.99,
S&P -43.70
at 7369.14
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.45%) is in last place on Tuesday afternoon, down 381 points.
Gold futures settled $42.00 lower (-0.9%) at $4,686.70/oz, as higher Treasury yields and a firmer U.S. dollar weighed on demand for the non-yielding metal. The move followed renewed inflation concerns tied to rising oil prices and expectations that the Fed could keep interest rates elevated for longer.
Meanwhile, the U.S. Dollar Index is up about +0.5% to $98.37.
