Stock Market Update
02-Jan-26 14:00 ET
Gold Slips on Profit-Taking, Thin Liquidity Despite Ongoing Safe-Haven Support
Dow +65.30
at 48128.38,
Nasdaq -103.24
at 23138.78,
S&P -15.46
at 6830.03
[BRIEFING.COM] The Nasdaq Composite (-0.44%) is today's worst-performing major average, down 103 points.
Gold futures settled $11.50 lower (-0.3%) at $4,329.60/oz, as profit-taking, thin year-end liquidity, and lingering technical pressure tied to higher CME margin requirements weighed on prices after last year's sharp rally. That pullback came despite gold remaining underpinned by the broader backdrop of safe-haven demand, expectations for Fed rate cuts, strong central-bank and ETF buying, and a softer U.S. dollar.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $98.48.
