Stock Market Update
21-May-25 14:00 ET
Gold climbs near record highs as dollar weakens, fiscal worries mount
Dow -671.55
at 42005.69,
Nasdaq -177.24
at 18965.47,
S&P -68.25
at 5872.21
[BRIEFING.COM] The Nasdaq Composite (-0.93%) is down 177 points, hosting the shallowest percentage declines among the major averages to this point on the session.
Gold futures settled $28.90 higher (+0.9%) at $3,313.50/oz, driven partly by a weakening U.S. dollar and escalating concerns over the nation's fiscal health. Concurrently, debates in Congress over a substantial tax-cut bill have intensified worries about the U.S. fiscal deficit, further bolstering gold's appeal as a safe-haven asset.
Meanwhile, the U.S. Dollar Index is down about -0.6% to $99.48.
