Stock Market Update
13-Oct-25 14:00 ET
Gold soars 3% to record $4,132 as tariff threats, Fed cut bets stoke safe-haven demand
Dow +526.28
at 46005.67,
Nasdaq +458.02
at 22662.47,
S&P +96.00
at 6648.50
[BRIEFING.COM] The Nasdaq Composite (+2.06%) is up about 458 points with two hours to go on Monday.
Gold futures settled $132.40 higher (+3.2%) at $4,132.80/oz, as investors piled into the yellow metal on renewed safe-haven demand. The rally appears to be fueled by a cocktail of factors: renewed U.S.-China trade tension (Trump threatened 100% tariffs on Chinese goods, and Beijing responded defensively), mounting bets that the Federal Reserve will cut rates imminently, and rising geopolitical and economic uncertainty more broadly.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $99.23.
