Stock Market Update
07-Apr-25 14:00 ET
Gold drops 2% to settle below $2,975 as trade war fears and recession jitters spark broad sell-off
Dow -194.24
at 38120.62,
Nasdaq +129.43
at 15717.22,
S&P +14.69
at 5088.77
[BRIEFING.COM] The Nasdaq Composite (+0.83%) has managed to climb out of the red in the last half hour, alongside the S&P 500 (+0.29%).
Gold futures settled $61.80 lower (-2.0%) at $2,973.60/oz, influenced by a broader market sell-off amid escalating trade tensions and recession fears. The intensification of the U.S.-China trade war, marked by new tariffs and retaliatory measures, heightened investor concerns about a global economic slowdown.
Meanwhile, the U.S. Dollar Index holds modest +0.2% gains to $103.18.
