Stock Market Update
19-May-25 14:00 ET
Gold surges 1.5% as weaker dollar and geopolitical jitters boost safe-haven demand
Dow +98.86
at 42753.60,
Nasdaq -17.32
at 19193.78,
S&P +0.01
at 5958.39
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.09%) is in last place on Monday afternoon, having jostled around flat lines a few times over the last half hour.
Gold futures settled $46.30 higher (+1.5%) at $3,233.50/oz, driven by a confluence of macroeconomic and geopolitical factors. The U.S. dollar dipped to open the week, enhancing gold's appeal to foreign investors. This currency movement coincided with renewed safe-haven demand following President Trump's tariff threats and a Moody's downgrade of the U.S. credit rating, citing rising national debt.
Meanwhile, the U.S. Dollar Index is down about -0.6% to $100.48.
