Stock Market Update
26-Jun-25 14:00 ET
Gold rises as dollar weakens, Fed uncertainty sparks safe-haven demand
Dow +364.42
at 43346.85,
Nasdaq +174.78
at 20148.35,
S&P +45.43
at 6137.59
[BRIEFING.COM] The Nasdaq Composite (+0.88%) is in first place on Thursday afternoon, up almost 175 points.
Gold futures settled $4.90 higher (+0.2%) at $3,348.00/oz, propped up primarily by a weaker U.S. dollar and renewed uncertainty over Federal Reserve policy. Reports suggesting President Trump may replace Fed Chair Powell as early as September or October stirred concerns about the central bank's independence and hinted at a more aggressive rate-cut approach, supporting gold's safe-haven appeal.
Meanwhile, the U.S. Dollar Index is down -0.6% to $97.10.
