Stock Market Update
03-Oct-25 14:00 ET
Gold futures climb 1.1% to $3,909, eyeing $4,000 on safe-haven demand and Fed cut bets
Dow +289.54
at 46809.05,
Nasdaq -118.08
at 22725.98,
S&P -3.11
at 6712.23
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.52%) is in last place, down more than 118 points on Friday afternoon.
Gold futures settled $40.80 higher (+1.1%) at $3,908.90/oz, gaining +2.6% for the week as investors bought into safe-haven assets amid the U.S. government shutdown and political uncertainty. Support also came from elevated expectations of Fed rate cuts, with some analysts now eyeing a potential move above $4,000.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $97.72.
