Stock Market Update
27-Aug-26 14:00 ET
Gold Futures Edge Higher on Softer Dollar, ETF and Central Bank Demand
Dow +122.52
at 53586.40,
Nasdaq +338.37
at 26489.61,
S&P +49.22
at 7724.92
[BRIEFING.COM] The Nasdaq Composite (+1.29%) is handily in front on Thursday afternoon, up about 338 points.
Gold futures settled $10.70 higher (+0.2%) at $4,664.00/oz, as a softer U.S. dollar and renewed demand from gold ETFs and central banks supported the metal. Investors are also awaiting Fed Chair Kevin Warsh’s Friday speech at Jackson Hole for clues on interest rates, while concerns over U.S. debt and potential dollar debasement are limiting downside.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $99.16.
