Stock Market Update
03-Dec-25 14:00 ET
Gold edges up 0.3% to $4,232 amid softer dollar and Fed rate-cut bets
Dow +429.10
at 47903.35,
Nasdaq +62.14
at 23475.85,
S&P +27.16
at 6856.52
[BRIEFING.COM] The Nasdaq Composite (+0.27%) is up about 62 points this afternoon, albeit at the bottom of the major averages.
Gold futures settled $11.70 higher (+0.3%) at $4,232.50/oz, reflecting stronger bets on upcoming Fed rate cuts and a softer dollar, both of which boost demand for non-yielding assets. Traders are also positioning ahead of key U.S. economic data, keeping gold supported as a hedge against policy uncertainty.
Meanwhile, the U.S. Dollar Index is down now about -0.5% to $98.87.
