Stock Market Update
23-Oct-25 14:00 ET
Gold jumps nearly 2% to record $4,145 as rate-cut bets and safe-haven demand drive buying
Dow +185.41
at 46775.61,
Nasdaq +238.87
at 22979.29,
S&P +47.21
at 6746.60
[BRIEFING.COM] With about two hours left on Thursday the tech-heavy Nasdaq Composite (+1.05%) is in first place, up about 238 points.
Gold futures settled $80.20 higher (+1.9%) at $4,145.60/oz, as investors bet on Fed rate cuts and sought safety amid persistent geopolitical and fiscal risks. Analysts said central-bank buying and dollar weakness added to the rally, though some warned of near-term volatility after the sharp move.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $98.99.
