Stock Market Update
13-Jul-26 14:00 ET
Gold Slides 2.6% as Stronger Dollar, Rising Yields Weigh on Bullion
Dow -163.89
at 52473.12,
Nasdaq -390.33
at 25912.28,
S&P -57.18
at 7518.21
[BRIEFING.COM] The Nasdaq Composite (-1.49%) is in last place on Monday afternoon, down about 390 points.
Gold futures settled $108 lower (-2.6%) at $4,005.70/oz, as surging oil prices fueled concerns that higher inflation could keep the Federal Reserve from cutting interest rates as quickly as previously expected. Rising Treasury yields and a stronger U.S. dollar added pressure to bullion, outweighing its traditional safe-haven appeal amid escalating Middle East tensions.
Meanwhile, the U.S. Dollar Index is up +0.3% to $101.25.
