Stock Market Update
28-Oct-25 14:00 ET
Gold slips as trade optimism and rising yields weigh on safe-haven demand
Dow +326.12
at 47870.50,
Nasdaq +187.39
at 23824.87,
S&P +22.44
at 6897.59
[BRIEFING.COM] The Nasdaq Composite (+0.79%) is up about 187 points this afternoon, leading the major averages with about two hours to go in the session.
Gold futures settled $36.60 lower (-0.9%) at $3,983.10/oz, as optimism over progress in U.S./China trade talks reduced safe-haven demand. A firmer dollar and higher Treasury yields added pressure, offsetting expectations that a dovish Fed stance could soon revive interest in the metal.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $98.67.
