Stock Market Update
09-Jan-26 14:00 ET
Gold Climbs to $4,500, Extends Weekly Rally on Safe-Haven Demand and Fed Easing Hopes
Dow +231.71
at 49497.61,
Nasdaq +212.50
at 23692.54,
S&P +49.42
at 6970.87
[BRIEFING.COM] With about two hours to go on the week the tech-heavy Nasdaq Composite (+0.91%) is in the lead, up about 213 points.
Gold futures settled $40.20 higher (+0.9%) at $4,500.90/oz, extending weekly gains to about +4%, as safe-haven demand stayed elevated amid geopolitical tensions and ongoing central bank buying. Expectations for easier Fed policy and lower real yields have further supported bullion, keeping gold well bid ahead of next week's CPI/PPI data.
Meanwhile, the U.S. Dollar Index is up +0.3% to $99.13.
