Stock Market Update
29-Apr-25 14:00 ET
Gold retreats as easing trade tensions diminish safe-haven appeal; U.S. dollar edges higher
Dow +361.21
at 40588.80,
Nasdaq +110.62
at 17476.74,
S&P +36.34
at 5565.11
[BRIEFING.COM] The stock market is at HoDs in recent trading, the tech-heavy Nasdaq Composite (+0.64%) up about 110 points.
Gold futures settled $13.90 lower (-0.4%) at $3,333.60/oz; the retreat followed easing trade tensions between the U.S. and its partners, notably with India and China, which diminished gold's appeal as a safe-haven asset. U.S. Treasury Secretary Scott Bessent highlighted progress in trade negotiations, including tariff exemptions, while the U.S. administration signaled a possible reduction in automobile-related tariffs. Despite these developments, concerns about a potential global recession persist, as indicated by recent polling.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $99.16.
