Stock Market Update

[BRIEFING.COM] With about two hours to go on Friday the tech-heavy Nasdaq Composite (+0.11%) has moved back into positive territory.

Gold futures settled $38 higher (+1.2%) at $3,344/oz, ultimately up 3.1% on the week, as investors sought safety amid growing global uncertainties. The rally was fueled by the Fed's cautious tone on inflation and economic risks, which dampened rate hike expectations. At the same time, rising geopolitical tensions -- especially U.S.-China trade frictions -- and steady central bank demand, particularly from countries diversifying away from the dollar, reinforced gold's appeal as a safe-haven asset.

Meanwhile, the U.S. Dollar Index is down about -0.3% to $100.31.