Stock Market Update
26-Jun-26 14:00 ET
Gold Climbs as Softer Dollar, Cooling Inflation Data Spur Rebound
Dow -14.36
at 51906.26,
Nasdaq +10.40
at 25390.00,
S&P +6.93
at 7364.42
[BRIEFING.COM] The Nasdaq Composite (+0.04%) is in second place this afternoon, up about 10 points.
Gold futures settled $48.70 higher (+1.2%) at $4,096.30/oz, rebounding from multi-month lows as a softer U.S. dollar and easing Treasury yields followed an in-line PCE inflation report that modestly reduced expectations for additional Federal Reserve rate hikes. Even with today's rally, bullion remains down roughly 3.5% for the week after a hawkish Fed outlook and stronger dollar fueled heavy selling earlier in the week, with investors continuing to weigh the prospect of higher-for-longer interest rates against gold's safe-haven appeal.
Meanwhile, the U.S. Dollar Index is now -0.1% lower to $101.37.
