Stock Market Update
18-Jun-25 13:55 ET
Gold edges higher as soft data, Middle East tensions, and Fed anticipation lift demand
Dow +137.73
at 42353.53,
Nasdaq +85.64
at 19606.74,
S&P +20.63
at 6003.35
[BRIEFING.COM] Down and up action in the major averages has us a hair above levels from half an hour ago, the tech-heavy Nasdaq Composite (+0.44%) still narrowly leading the modest advance.
Gold futures settled $1.20 higher (+0.04%) at $3,408.10/oz, supported by soft U.S. economic data that bolstered expectations for future Fed rate cuts. Geopolitical tensions in the Middle East and continued central bank buying also underpinned demand, while investors awaited clarity from today's FOMC decision.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $98.73.
