Stock Market Update
01-Jun-26 14:00 ET
Gold Slides as Stronger Dollar, Rising Yields Pressure Precious Metals
Dow -44.63
at 50987.83,
Nasdaq +216.72
at 27210.34,
S&P +36.67
at 7616.73
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.80%) is in first place on Monday afternoon, up about 217 points.
Gold futures settled $79.10 lower (-1.7%) at $4,513.90/oz, on Monday as a stronger U.S. dollar and higher Treasury yields weighed on demand for the precious metal. Rising oil prices tied to Middle East tensions also fueled concerns about persistent inflation and higher interest rates, reducing gold's appeal relative to interest-bearing assets.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $99.15.
