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gold stocks fall inflation ai concerns 2026

Gold Drops 1.8%, Nasdaq Futures Plunge 2% as Inflation, Tech Woes Bite

Markets tumbled Tuesday as inflation fears and growing doubts over the AI trade sent gold and stocks lower, despite early signs of progress in US-Iran peace negotiations. Gold fell 1.8% to near $4,115 as Fed officials signaled rates may stay higher, while Nasdaq futures plunged 2% on a Big Tech selloff led by SpaceX, Alphabet, and Amazon. Oil extended declines on a US waiver allowing Iranian crude sales, offering a rare bright spot.
Jun 23, 2026Read news →