Stock Market Update
19-May-26 14:00 ET
Gold Falls as Rising Yields, Stronger Dollar Weigh on Bullion Demand
Dow -102.45
at 49583.67,
Nasdaq -79.08
at 26032.65,
S&P -14.25
at 7388.80
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.30%) is in last place on Tuesday afternoon, down 79 points.
Gold futures settled $46.80 lower (-1.0%) at $4,511.20/oz, as Treasury yields and the U.S. dollar moved higher, reducing demand for non-yielding assets amid fading expectations for near-term Federal Reserve rate cuts. Prices were also pressured by easing geopolitical tensions after reports that the U.S. paused potential military action against Iran in favor of renewed negotiations.
Meanwhile, the U.S. Dollar Index is now +0.3% higher to $99.25.
