Stock Market Update
22-Jan-26 14:00 ET
Gold Jumps 1.6% to $4,913 on GS Target Hike, Central-Bank Buying and Safe-Haven Demand
Dow +416.36
at 49492.38,
Nasdaq +242.19
at 23467.04,
S&P +49.60
at 6925.21
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.04%) is in first place among the major averages, up about 242 points.
Gold futures settled $75.90 higher (+1.6%) at $4,913.40/oz, as bullish sentiment was reinforced by Goldman Sachs lifting its 2026 target, alongside continued central-bank buying, ETF inflows, and investor diversification into bullion. The move was further supported by safe-haven demand and expectations for lower interest rates, which reduce the opportunity cost of holding non-yielding gold.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $98.32.
