Stock Market Update
29-May-25 14:00 ET
Gold climbs as rate cut bets and inflation fears fuel safe-haven demand
Dow -19.15
at 42079.55,
Nasdaq +35.14
at 19136.07,
S&P +8.53
at 5897.08
[BRIEFING.COM] With about two hours to go on Thursday the tech-heavy Nasdaq Composite (+0.18%) is up only 35 points vs. 288 points at today's highs.
Gold futures settled $21.50 higher (+0.7%) at $3,343.90/oz, as investors weighed renewed inflation concerns and expectations of potential Fed rate cuts despite a brief dip following a U.S. court decision blocking President Trump's proposed reciprocal tariffs. Continued geopolitical uncertainty and a softer dollar outlook supported gold's safe-haven appeal heading into key U.S. economic data releases.
Meanwhile, the U.S. Dollar Index is down about -0.6% to $99.28.
