Stock Market Update
20-May-26 14:00 ET
Gold rises to $4,535 on weaker dollar, easing yields
Dow +559.00
at 49922.88,
Nasdaq +327.36
at 26219.07,
S&P +63.49
at 7417.10
[BRIEFING.COM] With about two hours to go on Wednesday the tech-heavy Nasdaq Composite (+1.27%) is in the lead, up about 327 points.
Gold futures settled $24.10 higher (+0.5%) at $4,535.30/oz, as Treasury yields and the U.S. dollar eased, making bullion more attractive to investors. Lingering geopolitical uncertainty and positioning ahead of the Federal Reserve's meeting minutes also supported safe-haven demand for gold.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $99.16.
