Stock Market Update
18-May-26 14:00 ET
Gold Futures Edge Lower on Profit-Taking as Stronger Yields and Firm Dollar Pressure Prices
Dow +37.51
at 49563.68,
Nasdaq -183.53
at 26041.61,
S&P -21.44
at 7387.06
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.70%) is in last place on Monday afternoon, down more than 183 points.
Gold futures settled $3.90 lower (-0.1%) at $4,558/oz, as traders took profits after recent gains and reassessed positioning following a strong run in prices. The modest decline was also driven by firmer US yields and a steady dollar, which continue to weigh on bullion even as broader geopolitical and central bank demand support the longer-term trend.
Meanwhile, the U.S. Dollar Index is down about -0.3% to $99.03.
