Stock Market Update
10-Apr-25 14:00 ET
Gold hits record high amid escalating trade war and dollar weakness
Dow -1177.55
at 39430.90,
Nasdaq -764.48
at 16360.49,
S&P -200.67
at 5256.23
[BRIEFING.COM] With about two hours to go on Thursday, the tech-heavy Nasdaq Composite (-4.46%) remains at the bottom of the major averages.
Gold futures settled $98.10 higher (+3.2%) at $3,177.50/oz, due in part to escalating trade tensions following President Trump's decision to increase tariffs on Chinese imports from 104% to 125%. This move intensified the ongoing trade war, prompting a rush to safe-haven assets like gold. Losses in the greenback also facilitated the rise in the yellow metal today.
Meanwhile, the U.S. Dollar Index is down about -2.0% to $100.96.
