Stock Market Update
15-May-25 14:00 ET
Gold rebounds 1.2% to $3,188 as soft PPI data and geopolitical jitters fuel safe-haven demand
Dow +136.55
at 42187.61,
Nasdaq +5.34
at 19152.15,
S&P +19.31
at 5911.89
[BRIEFING.COM] The Nasdaq Composite (+0.03%) has returned back to flat lines in recent trading, up just 5 points on the day.
Gold futures settled $38.30 higher (+1.2%) at $3,188.30/oz, rebounding from earlier losses as weaker-than-expected U.S. producer price data fueled bets on a more dovish Fed and lower long-term rates. The move was also supported by safe-haven demand amid lingering geopolitical concerns, despite some easing in U.S.-China trade tensions.
Meanwhile, the U.S. Dollar Index is now down about -0.1% to $100.93.
