Stock Market Update
21-Apr-25 14:00 ET
Gold jumps 3% to record high on Fed criticism, geopolitical jitters, and dollar slump
Dow -1249.41
at 37892.82,
Nasdaq -590.30
at 15696.14,
S&P -176.22
at 5106.50
[BRIEFING.COM] The Nasdaq Composite (-3.62%) is down 590 points and sits now near session lows.
Gold futures settled $96.90 higher (+2.9%) at $3,425.30/oz, aided in part by escalating geopolitical tensions, a weakening U.S. dollar, and concerns over Federal Reserve independence. President Trump's intensified criticism of Fed Chair Jerome Powell and the imposition of new tariffs on Chinese imports have unsettled markets, prompting investors to seek safe-haven assets like gold. The dollar's decline to a three-year low further bolstered gold's appeal to international buyers.
Meanwhile, the U.S. Dollar Index is down nearly -1.0% to $98.41.
