Stock Market Update
13-Aug-26 14:00 ET
Gold Futures Pull Back After 4% Rally, Face Resistance Near $4,500
Dow -22.83
at 53747.44,
Nasdaq +196.89
at 26806.40,
S&P +42.47
at 7790.97
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.74%) is up about 197 points this afternoon, in first place among the major averages.
Gold futures settled $47.10 lower (-1.1%) at $4,420.40/oz, as traders take profits following a roughly 4% four-session rally, with prices also facing resistance around the $4,500 level. A rebound in the dollar and easing safe-haven demand are adding pressure, although softer U.S. inflation and expectations for Fed rate cuts continue to support the broader gold outlook.
Meanwhile, the U.S. Dollar Index is down less than -0.1% to $99.96.
