Stock Market Update
20-Nov-25 14:00 ET
Gold slips on firmer dollar, higher-for-longer Fed expectations amid Nasdaq selloff
Dow -372.20
at 45766.36,
Nasdaq -377.77
at 22186.48,
S&P -81.91
at 6560.24
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.67%) is today's worst-performing major average with about two hours to go on Thursday.
Gold futures settled $22.80 lower (-0.6%) at $4,060.00/oz, as a stronger dollar and reduced expectations for a December Fed rate cut pressured non-yielding assets. Traders pointed to cautious Fed minutes and the upcoming delayed U.S. jobs report as reinforcing higher-for-longer rate sentiment, which weighed on the yellow metal.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $100.20.
