Stock Market Update
04-Jun-26 14:00 ET
Gold Climbs to Record Settlement as Weaker Dollar, Lower Yields Boost Safe-Haven Demand
Dow +801.60
at 51488.67,
Nasdaq +31.03
at 26906.00,
S&P +35.14
at 7588.82
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.12%) is in last place on Thursday afternoon, up now about 31 points after being down about 300 points at this morning's worst levels.
Gold futures settled $38.10 higher (+0.9%) at $4,505/oz, as a weaker U.S. dollar and lower Treasury yields increased demand for the precious metal ahead of Friday's jobs report. Investors also weighed expectations for potential Federal Reserve rate cuts if economic data continue to soften, providing additional support for gold prices.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $99.38.
