Stock Market Update
28-Jan-26 13:55 ET
Gold Surges 4.4% to Record $5,304 as Safe-Haven Demand Spikes Ahead of Fed Decision
Dow -28.86
at 48973.34,
Nasdaq +45.81
at 23862.93,
S&P -4.97
at 6973.62
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.19%) is in first place on Wednesday afternoon, up about 45 points with the FOMC's rate decision due at the top of the hour.
Gold futures settled $221.00 higher (+4.4%) at $5,303.60/oz, as investors rushed into safe havens amid a sharp drop in the U.S. dollar, fueled by renewed concerns over Fed independence, expectations for easier monetary policy, and weakening real yields. Ongoing geopolitical and macro uncertainty further amplified demand for bullion, driving futures sharply higher ahead of the Fed’s latest policy decision.
Meanwhile, the U.S. Dollar Index is up +0.9% to $96.62.
