Stock Market Update
14-Apr-25 14:00 ET
Gold pulls back from record highs as tariff exemptions ease safe-haven demand
Dow +287.83
at 40500.54,
Nasdaq +95.61
at 16820.06,
S&P +40.66
at 5404.02
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.57%) is in last place on Monday afternoon, trying to continue a modest move higher from the previous half hour.
Gold futures settled $18.30 lower (-0.6%) at $3,226.30/oz, today's pullback coming behind a recent surge to record highs, driven by rising safe-haven demand amid escalating trade tensions.
The drop in the yellow metal stems from news that President Trump would issue temporary exemptions for smartphones and computers from the latest round of reciprocal tariffs on China. This move alleviated some investor concerns, reducing the urgency to seek refuge in gold.
Meanwhile, the U.S. Dollar Index is now down -0.3% to $99.78.
