Stock Market Update
04-Jun-25 13:55 ET
Gold slips despite bullish backdrop as traders eye Fed outlook, geopolitical tensions simmer
Dow +61.59
at 42581.23,
Nasdaq +72.16
at 19471.10,
S&P +14.70
at 5985.07
[BRIEFING.COM] With about two hours to go on the session the tech-heavy Nasdaq Composite (+0.37%) holds a modest lead, this ahead of the release of the Fed's Beige Book, which is due at the top of the hour.
Gold futures settled $20.10 lower (-0.6%) at $3.377.10/oz, driven by expectations of central bank rate cuts and rising geopolitical tensions, particularly between the U.S. and China. Additional support came from strong physical demand and tightening supply in key markets like London and COMEX.
Meanwhile, the U.S. Dollar Index is down -0.5% to $98.73.
