Stock Market Update
28-May-26 14:00 ET
Gold Climbs as Softer Data, Weaker Dollar Lift Safe-Haven Demand
Dow -25.88
at 50618.40,
Nasdaq +252.67
at 26948.40,
S&P +45.80
at 7566.16
[BRIEFING.COM] The Nasdaq Composite (+0.95%) is in first place on Thursday afternoon, up about 252 points.
Gold futures settled $50.90 higher (+1.1%) at $4,532.40/oz, as lower Treasury yields and a weaker U.S. dollar boosted demand for the safe-haven metal. Investors also reacted to softer U.S. economic data and easing Middle East tensions, which helped improve expectations for a less aggressive Federal Reserve stance.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $98.99.
