Stock Market Update
17-Oct-25 14:00 ET
Gold pulls back after record run, still up 5% for the week on safe-haven demand and Fed cut bets
Dow +175.78
at 46127.81,
Nasdaq +57.84
at 22620.40,
S&P +18.53
at 6647.59
[BRIEFING.COM] The Nasdaq Composite (+0.26%) is in last place, up about 57 points with two hours to go on Friday.
Gold futures settled $91.30 lower (-2.1%) at $4,213.30/oz, trimming some of the week's strong gains but still up +5.3% overall. The pullback followed a record-setting rally fueled by safe-haven demand amid credit concerns, U.S./China tensions, and expectations for Federal Reserve rate cuts. Reports suggested that investors took profits after gold briefly topped $4,300, while continued central bank buying and ETF inflows kept underlying sentiment firm. HSBC also raised its gold forecasts, citing geopolitical risk and a weaker dollar as ongoing drivers of strength.
Meanwhile, the U.S. Dollar Index is now less than +0.1% higher at $98.44.
